Attached is a link to Century`s September 2007 Denver Gold Forum presentation. The info up to the 9 minute mark is very useful. Don`t waste your time listening to anything after the 9 minute mark. Everything after that point is all about Shahuindo. As you know, Shahuindo no longer has anything to do with Century. Sulliden and Century went in different directions a while ago.
Also, you will notice that the Lamaque underground mining plans all got delayed by a coupld of years. Naturally, the global financial crisis hit us hard due to us needing financing at the time (right in the middle of the worst financial crisis in 80 years). We are now fully back on track now.
There are a few good diagrams within the first 9 minutes, but the one at around the 6:39 mark is perhaps the most useful one to us at this particular second:
1) it shows how close the Bedard Dyke is to the North Wall ore body - remember, this is 2007 (Bedard Dyke has expanded and dipped since then)
2) it shows the location of Lamaque no. 2 (in blue to the southeast corner) - the Lamaque no. 2 resource has also expanded since then
3) it shows the Road Zone ore body (which is an extra zone that is not even built into the mining plan for the first 3 years)
4) it shows the location of the 1.7M ounce ore body of the Cross Over & Boundry Pillar areas (to be accessed perhaps starting in year 3)
5) all of these zones are located only within 1,000 feet of the surface
6) all of the green areas also represent gold ore, but perhaps sitting below 1,000 feet of the surface, yet still below the pit area (we may still be able to access some via the declines, without having to wait for the shafts - not 100% sure but we may be able to push the declines down to, say, 2,000 feet (might be even more beneficial if those particular areas do not need dewatering below 1,200 feet)
7) of note, the North Wall currently has official 43-101 P&P Reserves of around 250,000 ounceS and further Inferred of around 400,000 ounces - BIG BONUS IF WE CAN ACCESS SOME OF THAT NEAR-TERM VIA THE BEDARD DYKE DECLINE
Chillby, with regards to your question about going under the city of Val d`Or. The Bedard Dyke is the only area located near the city. With early BD mining, we likely wouldn`t need to go under the highway or the city. We will eventually need to go under the highway (but at deeper levels) at some point later down the road, but my guess is the crown pillar should be in place by then (crown pillars are comment with most mining companies in this area - I think the Lamaque property aleady has several, including one underneath the Sigma pit). I don`t think we will have to go too far under the city at all. Oh note, we own the mining rights under the city, to about 25% to 40% into the city. I don`t think there are any near-term plans to mine that underground mining area right now though (as we have plenty enough areas to mine already). However, it is common practice in the Val d`Or area to mine underneath structures. For example, I believe Wesdome`s very successful Kiena Mine is entirely under a lake in the area.
Anyway, click on the link then you can click on ``skip resgistration`` to go direction to the webcast list. You can then click on the Century Mining presentation. If you like, you can just move the presentation to the slide I discussed, maybe about 30 seconds before the 6:39 point (I say about 30 seconds in order to give time for the slide presentation to catch up to the voice portion).
I hope it helps a little.
http://events.onlinebroadcasting.com/denvergold/092407/index.php?page=redirect
7 comments:
Thank you kindly, p05! Hope those guys are having a good time today at the mine!
Well, thanks again p05. Quite informative presentation. What did we end up doing with the Algamarca properties, then?
Century got involved to put an end to the court case between Algamarca and Sulliden (which had been going on for 3 or 4 years), which Century hoped would source a settlement merger between Century and Sulliden, and a big cash payment to Algarmarca, as a win, win, win for everyone.
It didn`t work out so Century pulled the merger proposal. All the properties were entered into as options by Century. As such, Century was able to pull out of all of the options and move on.
Since then, Century has been focused 100% on Lamaque, Peru and pulling together the Lamaque start up financing.
That chapter was not a good chapter in Century`s history.
We now have checks and balances in management, with Finskiy and Scola as significant investors in the company (with there own personal hard cash invested). I believe Finskiy and Scola has a clear vision for Century. As it stands right now (I am of the opinion) they want use Century as a public market gold investment vehicle, to create a 300,000 ounce per year gold producing company, then move to 500,000 ounces, then 1,000,000 ounces, then eventually sell out to a major for huge dollars. They want to make zillions of dollars on this investment, via the public markets.
I would say that this is the best time to be a Century investor (in its history). Lamaque is back to its roots with underground mining (with far better technology than anytime over the past 80 years), San Juan is being cranked up to production (and exploration) levels that has never existed in its 30 years of operation (and better technology too, and electrical power for the first time - probably not too far away) and a gold price of US$1,200......
It`s just a matter of time until Century`s share price gets revalued, in my opinion.
This could be very helpful with the near-term ramp up. From Victor`s write up:
``An interesting point is that the development work required to access the Bedard Dyke will be right through this high grade vein before they access the underground to extract their 20,000 tonne bulk sample. Obviously, this material will be crushed and sent to the mill, as it has plenty of visible gold, as well as, massive chalcopyrite widely disseminated all through the veins. Once the sample is removed and tested, the mine will look to receive the next permit to mine the zone.``
We know we have been approved to extract the 20,000 bulk sample from the mining area. However, it sounds like we have to develope through mineralized areas in the Bedard Dyke before we reach the official mining areas.
It`s not clear how many tonnes this gold rich development material can provide. It sounds like it can be very fruitful though. It would be very good if it can provide, say, 10,000 extra tonnes to the mill (I have absolutely no idea what the number will be though). With the 20,000 bulk sample from the mining area, coupled with this 10,000 (let`s just work with that for now) mineralized development material, Bedard Dyke may be able to supply us with 30,000 tonnes near-term (prior to arrival of the long-hole stoping permit).
Here in Yellowknife the old gold mines ran all under the city and Great Slave Lake.All my buddies could say that it was hot down there,even when it was -40 outside.I hope Century pulled the tour off with a bang, wicked pour to cap it off.
According to Rock3030 on AgoraCom:
"14 analysts and it went "excellent"
I'm assuming he was talking to IR.
Hey moich,
Sounds like any mining company operating under a city should be able to sell geothermal heat as a byproduct. I.e. don't just vent out the hot air, sell it.
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