It is a rough industry and not exactly meme friendly or whatever.
For every 1000 exploration projects, i think it is like 1 or 2 that actually become producing mines.
It is a slow process and patience is required and can be long silence between news.
I would listen to everything and all perspectives. I listen to the skeptics here too. That is why I am here.
You learn that to date, the gold mined at hycroft was the oxides and all of the gold is low grade.
So you hit the transition zones and the sulfide materials, and you need a different process for that.
Hycroft is in that transition to commercial scale but the economics of the sulfides and how to process them comes into play when you are finalizing the flowsheet and doing the mine planning. Refractory ores are now about 22% of world production but can be difficult to mine.
Hycroft has a variability study on the transition materials and waiting on some drilling results to come in to again be able to fine tune the economics for the flowsheet. They are looking at a combination of pressure oxidation pox processing and milling of the sulfides.
They also have the potential to find more zones of oxide materials, and areas of higher grade gold within the resource.
They can continue processing already mined oxide materials on leach pads. They have potential to convert waste ore into resources within the current mine pits. They have ore already mined and set aside for processing.
They have Dr. Diane Garrett that turned Romarco minerals exploration project into a mine before being sold to Oceana gold.
She has Olivier Luhanga and his experience at similar operations at Twanziga.
They now have Alex Davidson to be VP of their new $20 million exploration program.
He worked as lead underground geologist for NGM on all of their Nevada operations, many of which are similar in setting to Hycroft.
He also has specific familiarity with the Hycroft region, because he was a geolgoist at the Rosebud mine, which is surrounded by hycroft's land position.
So, he knows specifically where the feeder faults at hycroft are likely to be located, and i think they know how to find it from the banded quartz outcrops at brimstone.
Which is where the rc drill is now.
Anyway,
I just got in here because of AMC and sprott. This is what i have figured out so far.
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