Post by bluediamonds on Jun 23, 2004 7:05:37 GMT -5
**** CMKX FALC DIAMOND POTENTIAL IS MASSIVE ****
By: wellmetfellow
23 Jun 2004, 06:09 AM EDT
Msg. 27280 of 27285
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Thoughts on CMKX diamond values:
Here is what I have gleaned and interpreted from reports by Mr. John Frasier, who has studied the FALC kimberlite data from Canadian diamond companies in some detail:
Fort a la Corne kimberlites, including, potentially, the Carolyn pipe, and other kimberlites to be explored on Casavant held mineral claim properties, will likely "prove up" having a coarse size distribution. That is, larger and larger stones will be discovered, once we move to the next three stages of exploration :
1) Mini-Bulk Sample,
2) Bulk Sample, and
3) Prefeasibility stages.
This is very possible simply due to the size of the kimberlite deposits.
Another way of expressing it is that on the open-ended side of the size distribution, going up toward larger and larger values of "carets per stone" on the higher end of the size distribution spectrum, should make the overall value of those diamondiferous kimberlite assets to be regarded as very valuable, very economically attractive.
Even if the average grade of Casavant Mining FALC kimberlites were found to be less than 50 carets per 100 tonnes, (and I am not saying that will be the case) what everyone should appreciate is the enormous, huge, vast, extraordinary amount of diamondiferous kimberlite that is present in the FALC area. Now couple that fact with this fact: the vast amount of acreage of mineral rights held by Casavant Mining in the FALC area.
FALC diamoniferous kimberlites could hold "diamond populations" with "open-ended size potential" like South Africa's Premier Mine, the source of the 3,106 carat Cullinan diamond, the largest gem diamond ever found. Even the Cullinan diamond was a fragment of a larger crystal.
The Cullinan diamond was so extraordinarily big it was at first initially tossed onto the scrap heap as a "worthless piece of quartz", presumably in a process of hand sorting and visual examination in the rubble of mined materials.
The "grade" of ore or host rock in Premier Mine in South Africa falls in the range of 30 to 35 carats per 100 tonnes. The Premier Mine has a surface area of only 32 hectares (79 acres) and has been mined to a depth of about 500 meters (about 1500 feet) over a 100 year period. Roughly, that represents about 100-150 million tons of diamondiferous deposits. If the Premier Mine were only half of it's actual grade of 30 to 35 carets per 100 tons (15 to 17 carets per 100 tons), and double the tons of ore (up to 200 to 300 million tonnes), then it would be only one fourth that of the single "140/141" FALC kimberlite, as an example.
If a "diamond population" has a coarse distribution, the size limit of the largest stone is correlated to the volume, the tons, present, of the "host rock"... that is the amount of contiguous diamondiferous kimberlite present.
What if the "140/141" FALC kimberlite alone has a coarse distribution similar to the Premier Mine? What if that one kimberlite were mined in only 25 years instead of 100 years, using modern mining methods? And bear in mind that it would be, in this example, four times bigger.
There are no kimberlites in the world as big as the FALC kimberlites. And Casavant Mining is sitting on at least 1.4 million acres of FALC mineral claims, and likely much more acreage than that. [/b]
Put it altogether and that suggests considerable value, in my limited understanding. But that is only my opinion, based on my reading and thinking about such things. I suspect that in a relatively short time, the extent and characterization of the kimberlite and other mineral resources held by Casavant Mining will be better elucidated from extensive and intensive sampling and exploration.
Just my opinion.
Wellmetfellow
ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=27280
By: wellmetfellow
23 Jun 2004, 06:09 AM EDT
Msg. 27280 of 27285
Jump to msg. #
Thoughts on CMKX diamond values:
Here is what I have gleaned and interpreted from reports by Mr. John Frasier, who has studied the FALC kimberlite data from Canadian diamond companies in some detail:
Fort a la Corne kimberlites, including, potentially, the Carolyn pipe, and other kimberlites to be explored on Casavant held mineral claim properties, will likely "prove up" having a coarse size distribution. That is, larger and larger stones will be discovered, once we move to the next three stages of exploration :
1) Mini-Bulk Sample,
2) Bulk Sample, and
3) Prefeasibility stages.
This is very possible simply due to the size of the kimberlite deposits.
Another way of expressing it is that on the open-ended side of the size distribution, going up toward larger and larger values of "carets per stone" on the higher end of the size distribution spectrum, should make the overall value of those diamondiferous kimberlite assets to be regarded as very valuable, very economically attractive.
Even if the average grade of Casavant Mining FALC kimberlites were found to be less than 50 carets per 100 tonnes, (and I am not saying that will be the case) what everyone should appreciate is the enormous, huge, vast, extraordinary amount of diamondiferous kimberlite that is present in the FALC area. Now couple that fact with this fact: the vast amount of acreage of mineral rights held by Casavant Mining in the FALC area.
FALC diamoniferous kimberlites could hold "diamond populations" with "open-ended size potential" like South Africa's Premier Mine, the source of the 3,106 carat Cullinan diamond, the largest gem diamond ever found. Even the Cullinan diamond was a fragment of a larger crystal.
The Cullinan diamond was so extraordinarily big it was at first initially tossed onto the scrap heap as a "worthless piece of quartz", presumably in a process of hand sorting and visual examination in the rubble of mined materials.
The "grade" of ore or host rock in Premier Mine in South Africa falls in the range of 30 to 35 carats per 100 tonnes. The Premier Mine has a surface area of only 32 hectares (79 acres) and has been mined to a depth of about 500 meters (about 1500 feet) over a 100 year period. Roughly, that represents about 100-150 million tons of diamondiferous deposits. If the Premier Mine were only half of it's actual grade of 30 to 35 carets per 100 tons (15 to 17 carets per 100 tons), and double the tons of ore (up to 200 to 300 million tonnes), then it would be only one fourth that of the single "140/141" FALC kimberlite, as an example.
If a "diamond population" has a coarse distribution, the size limit of the largest stone is correlated to the volume, the tons, present, of the "host rock"... that is the amount of contiguous diamondiferous kimberlite present.
What if the "140/141" FALC kimberlite alone has a coarse distribution similar to the Premier Mine? What if that one kimberlite were mined in only 25 years instead of 100 years, using modern mining methods? And bear in mind that it would be, in this example, four times bigger.
There are no kimberlites in the world as big as the FALC kimberlites. And Casavant Mining is sitting on at least 1.4 million acres of FALC mineral claims, and likely much more acreage than that. [/b]
Put it altogether and that suggests considerable value, in my limited understanding. But that is only my opinion, based on my reading and thinking about such things. I suspect that in a relatively short time, the extent and characterization of the kimberlite and other mineral resources held by Casavant Mining will be better elucidated from extensive and intensive sampling and exploration.
Just my opinion.
Wellmetfellow
ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=27280
