How to understand mining reports?

[Wysiwyg]

Tanami Gold's ASX code is TAM and this is the quarterly your referring to...and while the grade (2,379g/t) is super impressive its the interval that's not so impressive (0.3 metres) this is the sort of results you often get in "high grade narrow quartz veins" its expensive following these veins underground...as you can see from the same quarterly

Excellent explanation.

Would this mean the diamond drill core contained 420.34 grams in a 30 cm length of core sample?

Using 1000 g per kilogram and 1000 kg per tonne. = 1,000,000 g / 2379 g = 420 g.

 

[Tatts]

sorry this is a little off topic but still kinda relevent. What price is the gold sold at (by the miner). Is it like iron ore in that they will have a set price contract for a 3 month or yearly period? Or is it more short term than that?

 

[vimuttirasa]

Thanks for the help with interpreting this Tanami data. all the best for your trading.

 

[lazyfish]

Excellent explanation.

Would this mean the diamond drill core contained 420.34 grams in a 30 cm length of core sample?

Using 1000 g per kilogram and 1000 kg per tonne. = 1,000,000 g / 2379 g = 420 g.

No, a 30cm drill core is only about 1-2 kg at most. To have 420g in a 2kg core you need ~20% gold which is 200,000g/t.

 

[Southern X]

Stumbled across this thread a little while ago. In the interim I read about this book: "Hard Rock Miner's Handbook," by Jack de la Verne. It's downloadable, it's free, and it's good.

Looking forward to the Lonergan and Rudenno books; that link to the Global Speculator article is very helpful, and; I'm about to explore the aforementioned geo thread.

I appreciate how old the prior posts are and wish none of you blew up like Lehman.

Thanks fellas!

SX

 

[indeck]

understanding mining reports etc

I recently started getting into small caps and i'm struggling to understand a number of details within the reports. How do you know what a good % of a certain resource is? Does anyone have some good sites on how to learn about various drilling methods, go over the process from drilling to mining including info about DFS's and the likes. I want to get a better understanding of the whole process

thanks in advance

 

[grandia3]

Re: understanding mining reports etc

I remember reading somewhere in Rio Tinto websites about these mining jargon

I'll see if I can find it

found it:
http://www.riotinto.com/documents/R...80_-_In_the_Opinion_of_a_Competent_Person.pdf

 

[So_Cynical]

Re: understanding mining reports etc

There is already a thread on this.

https://www.aussiestockforums.com/forums/showthread.php?t=9643

 

[derty]

Re: understanding mining reports etc

There is already a thread on this.

https://www.aussiestockforums.com/forums/showthread.php?t=9643

This could probably keep a few here going forever.