Wednesday, April 21, 2010

The Lamaque video

http://www.centurymining.com/s/AudioVideo.asp

5 comments:

Anonymous said...

P5, do you think the 3D model of the underground is an approximation or is it the actual model (may be from Vulcan)

production05 said...

To be honest, I don`t know. I imagine that Vulcan has some basic 3D graphics as well. Although, I think the Vulcan system would likely be very different and far more detailed. My guess is that Century hired an animation company to create all of this within their animation software (perhaps a company that specializes in providing this service to mining companies).

I am very impresssed with the level of details shown on the surface, once the truck exists the haulage drift. I have a pretty good idea in my head of where everything belongs (from performing a lot of research). Everything in the animation is positioned perfectly to what I expected to see:

1) haulage drift - perfect location, pointing to the southeast, to the Lamaque no. 2 area (where they are currently mining)

2) the path (including distance) the truck takes to travel to the mill area

3) the turns in the trucking path

4) good height on the pit walls and varying from wall to wall also (they didn`t get lazy by leaving every wall the same)

5) perfect location of the crusher, the mill, the buildings, etc. (right distance from the pit, right distrace from the hwy)

It`s clear to me that they worked very hard on the details, to get it to be as true a representation as possible.

It`s really appreciated by a detailed person like myself.

I like how they flipped the view around near the very end. It gave me a chance to picture where the Bedard Dyke portal will be located. It will be somewhere on that end (west), with the trucking path going by the area. It likely means that the Bedard Dyke surface trucking will only use about 70% of the trucking path. You know, anytime you can drive out cost savings, it`s a good thing.

Anonymous said...

I thought it was very detail oriented as well. Please forgive my ignorance, but is it correct for me to assume that the main ore body under the open pit is already mined some time ago by some other company. Are we currently have the north wall, and the bedard dyke as possible mining areas. Where will the underground drill program in May be targeted at? Bedard dyke, or below the north wall side? Thank you for your thoughts and comments

production05 said...

Yeah, I felt that that part of the video would be very confusing for people who are not well familiar with Lamaque. As such, I think they did a very poor job with that part of the presentation.

The answer to your question is yes and no. Over 9 million ounces have been mined in the past (about 4.5M on the Lamaque side by Teck and about 4.5M on the Sigma side by Placer Dome). The whole complex is now called Lamaque, but it use to be 2 separate mines. The pit is on the side that use to be Sigma.

Although 9M ounces have been mine, there are at least 6M more still to be mined. It will be many million ounces more than 6M due to significant mineralized areas still to be explored.

Most of the 6M identified are on the Sigma side, and many of the ounces are below the pit, at various levels. It would recommend glancing the latest Lamaque technical report. There is a summary schedule on pages ii - iv that profiles the location of the ounces (on the tech rpt). The link to the rpt is on the company`s site (at the buttom):

http://www.centurymining.com/s/Reserves.asp

Century is currently mining the ounces in Lamaque no. 2 zone. It was identified in the Jan`09 bankable DD rpt that 80K ounces are located in that area, but potential for additional lower grade (but economic) ounces that can be mined along the way also.

I`m expecting that Bedard Dyke mining will start at some point in the near future. North Wall development is planned for later this year, with North Wall production starting eartly next year.

The company hasn`t said which areas will be included in their upcoming Lamaque drill program. As such, I cannot provide a meaningful appreciation. Here are areas that will eventually need advancement drilling:

*the large extra North Wall ounces in inferred (407K ounces)

*the 1.7M Cross-Over ounces (600K in M&I and 1.1M in Inferred)

*large number of high grade zones identified in 3 different news releases during 2009

*there is strong belief that the Lamaque Main plug and the West Plug still likely has 2M bulk mining ounces remaining (partly based on limited historical data in the database). It`s not clear when they will sink a couple of keep drill holes to test that theory. My understanding is that there are deep diamond core drills in the world that can do the job.

rick said...

hope they going to buy a truck whit a cab cuz if they thing we are going to dump the load of the mining truck whit a open cab in winter there going crazy , imagine all the trip to the protal to the crusher in that truck the guy who operate that truck going to freeze all the way