Oriental Minerals = Blue Pearl 2
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Werde aber sicher noch mal aufstocken! Ich geh immer erst mit 30% - 40 % Prozent in einen Wert um später ggf. zu verbilligen
Oriental Minerals Inc.: Updated Resource Estimate of 68 Million Tonnes of O.29% WO3 & 0.05% MoS2 Inferred and 13 Million Tonnes of 0.32% WO3 & 0.06% MoS2 Indicated at Sangdong
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2008) - Oriental Minerals Inc. (TSX VENTURE TL) is pleased to announce an updated inferred resource of 67.7 million tonnes of 0.29% WO3, and 0.05% MoS2, and an updated indicated resource of 12.7 million tonnes of 0.32% WO3 and 0.06% MoS2 for the Sangdong tungsten-molybdenum deposit in South Korea. The updated estimate represents a 123% increase in tonnes in the indicated category and a 34% increase in inferred tonnes over the initial resource estimate of January 29, 2008.
This updated resource estimate was completed by Wardrop Engineering Inc. in compliance with NI 43-101, and is now based on 42 drill holes completed and analyzed out of an originally planned 87 hole drill program. The previous resource estimate announced January 29th, 2008 was based on 27 drill holes. Both estimates utilized the pre-existing 780 underground drill holes completed by the former operators of the Sangdong mine. Other changes in the updated estimate include the use of a tungsten-oxide-equivalent cut-off grade of 0.10%, compared to a tungsten-oxide-only cutoff grade of 0.15% in the initial estimate. Enhancements have also been made to the geological model based on the addition of the new drilling. A 43-101 compliant Technical Report has been completed and will be posted on SEDAR shortly.
The Sangdong resource is within the skarn zone at the south-eastern end of the deposit which outcrops at surface. Drilling continues at Sangdong, with six rigs currently in operation.
Damien Reynolds, Chairman of Oriental Minerals, noted, "The continued improvement in the size and grade of the Sangdong resource is gratifying, given the additional scrutiny placed on this updated resource estimate. There is still considerable scope to increase resources at Sangdong, however this potential will be pursued in parallel with an aggressive program of engineering, environmental and economic studies. Given Sangdong's status as one of the largest tungsten-molybdenum deposits, the future Preliminary Economic Assessment will assist investors to determine the value of this particular asset. Oriental Minerals will report shortly on other progress within its Uranium, Gold and Base Metals portfolio."
Wardrop Engineering Inc. is now reporting resources using a cut off grade of 0.10% WO3 equivalent. The WO3 equivalent represents a recoverable grade with recoveries of 70% and 80% applied to the tungsten and molybdenum grades, respectively. While kriged interpolation continues to be used in the updated estimate, for this updated estimate Wardrop also capped assays. Aggregate value of tungsten was reduced by 6-15% and molybdenum by 13-21% to compensate for irregular distributions of grade within the database. The metal prices are based on a three year moving average price of US$239 per MTU for the Ammonium Para Tungstate (APT) and US$29.09 per pound for Molybdenum TriOxide. Current price indications for APT are US$254 per MTU and US $33 per pound of Molybdenum TriOxide (source: minormetals.com).
--------------------------------------------------SANGDONG - INDICATED RESOURCE KRIGED greater than 0.10% WO3 Equivalent-------------------------------------------------- WO3 eq%ROCKGROUP TONNES WO3% MOS2% (recoverable)--------------------------------------------------LIMESTONE 0--------------------------------------------------SKARN 12,658,000 0.32% 0.06% 0.33%--------------------------------------------------QUARTZITE 0--------------------------------------------------TOTAL INDICATED 12,658,000 0.32% 0.06% 0.33%--------------------------------------------------SANGDONG - INFERRED RESOURCE KRIGED greater than 0.10% WO3 Equivalent-------------------------------------------------- WO3 eq%ROCKGROUP TONNES WO3% MOS2% (recoverable)--------------------------------------------------LIMESTONE 857,000 0.32% 0.04% 0.29%--------------------------------------------------SKARN 65,505,000 0.29% 0.05% 0.29%--------------------------------------------------QUARTZITE 1,383,000 0.02% 0.11% 0.20%--------------------------------------------------TOTAL INFERRED 67,745,000 0.29% 0.05% 0.29%--------------------------------------------------Source Wardrop Engineering Inc. Technical Report on the SangdongProperty Skarn Deposit, March 10, 2008
It is noted that the Quartzite zone appears to be transitional between the tungsten-molybdenum skarn deposit that is the focus of this resource estimate and the deeper, molybdenum deposit referred to as the Deep Moly Deposit.
SANGDONG RESOURCE ESTIMATE METHODOLOGIES
The Sangdong Tungsten mineralization is hosted primarily in tabular calc-silicate horizons in Cambrian-age Myobong Slate (Skarn) associated with bedding concordant and stockworked quartz - carbonate - scheelite veins. Alteration and mineralization is concentrically zoned, diminishing outwards, above a granitic intrusive which induced a higher-grade tungsten molybdenum core.
The deposit was modelled using lithological boundaries, WO3, MoS2 and Bi assay data from both Oriental and 788 historical underground drill holes with Gemcom mining software. Assays were partially capped and samples were composited over 1 metre (m) intervals. A Specific Gravity value of 2.89 g/cm3 was used for the skarn. WO3, MoS2 and Bi grades were interpolated into blocks 20m (strike) x 20m (dip direction) x 5m (vertical) using ordinary kriging.
Oriental drill holes are located on a 100m x 100m north-south orientated grid with a number of infill holes more closely-spaced. Holes are drilled oblique to this grid at azimuths of 135 degrees and 315 degrees. A mix of diamond core and reverse circulation holes (RC) were included, with 31 holes completed as diamond core, size HQ & NQ and 11 holes drilled by RC.
Recoveries of 70% for scheelite and 80% for molybdenum have been estimated based on preliminary mineralogical assessments received from SGS Advanced Mineralogy Facility in Lakefield, Ontario.
The Technical Report and an updated drill plan are available on Oriental Minerals' website at:
http://www.orientalminerals.com/
PRELIMINARY ECONOMIC ASSESSMENT STUDY
Oriental Minerals has appointed Wardrop Engineering Inc. to complete a preliminary economic assessment. The study will examine a likely operating scenario and will determine capital and operating costs for the project and should be completed early in the 3rd quarter of 2008.
CURRENT DRILLING
As at March 13th, 2008 Oriental has completed 16,500m of drilling at Sangdong, with six drill rigs currently in operation.
QUALIFIED PERSON
The Qualified Person who prepared the resource estimate is Mr Gregory Z Mosher, a Senior Geologist with Wardrop Engineering Inc. Mr Mosher visited the property on 2nd and 3rd November 2007 and has over 35 years of relevant experience.
Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact
Oriental Minerals Inc.
Damien Reynolds
Chairman
(604) 681-5755
Email: dreynolds@orientalminerals.com
or
Oriental Minerals Inc.
Spiro Kletas
(604) 681-5755
Email: skletas@orientalminerals.com
Website: www.orientalminerals.com Click here to see all recent news from this company
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Nichts verstehen von Gewichtseinheiten ... oder?
wäre nett wenn du uns an deinem wissen teilhaben lässt
lg eibergener
Ein Pound (Ib) = 453,5 Gramm ... die übrigen Stellen hinter dem Komma kann man weglassen
Wolfram wird derzeit mit ca. 13 $ pro Ib gehandelt.
In den vergangenen Jahren hat sich der Preis schon gut entwickelt und sollte im Verlauf der Rohstoff-Hausse weiter steigen ... siehe auch der Preisanstieg bei Moly.
Frage an KostolanyFAN: Wie groß ist der Unterschied bei den Gewichtseinheiten zwischen einer Tonne und einem Pound (Ib)?
Mit groben Einschätzungen kann niemand was anfangen!
In der Ruhe liegt die Kraft. Nach allen Erfahrungen, die ich an der Börse gesammelt habe, gibt es eigentlich keine Möglichkeit, aus dem aktuellen Kursverlauf was negatives abzuleiten. Eine positive Entwicklung aus den News kann auch deutlich später kommen. Alles ist möglich. In Kanada geht es ja auch nicht so wirklich abwärts. Den Währungskurs darf man ja auch nicht vergessen.
also es geht um das thema machbarkeitsstudie:
wann wird die überhaupt durchgeführt?
wofür wird sie durchgeführt?
hat otl die schon hinter sich?
in wiefern hatte oder kann sie auswirkungen auf den kurs haben.
vielen dank im vorraus
mfg eibergener
tja, das mit dem freudigen Eiersuchen kann man in diesem Jahr wohl vergessen --> Schnee.
Eierschaukeln, ja, dazu haben wir wohl mehr Möglichkeiten, zumindest wenn wir auf OTL's Explosion warten möchten, und warten ist hier Programm...wobei, es passiert ja was, es geht immer freudig abwärts. Wer von euch hat den neben den ganzen Rechnungen zur Kapitalisierung und Ressourcenwert mal eine Rechnung zur benötigten Kursentwicklung für einen Verlustausgleich angestellt? Also bei mir wären es ca. 400%, da ich von dem Schrott nix mehr nachgekauft habe, was ich auch sicher nicht mehr nachhole. Denn, so langsam glaub ich das Ding kennt wirklich keinen Boden. Egal, irgendwie wollte ich nur ein wenig maulen, so dass nicht die ganzen Hasen meinen Frust am WE abbekommen...Schmatzzzzz, Ohren ab :-)
also, frohliches Ohrenwackeln
Explorer investieren aber keine Geduld haben.
Das lese ich Tag - Täglich in den Forum. Für diejenigen die es nicht abwarten
können, ein Tipp: Legt euere Kröten auf Sparbuch da bekommt ihr 1,5 - 2% Zinsen
im Jahr.Dann könnt ihr wenigstens ruhig schlafen.
In diesen Sinne
Frohe Ostern.
2008-03-27 09:18 ET - Options Proposed
Mr. Damien Reynolds reports
ORIENTAL MINERALS\' GRANTS STOCK OPTIONS
Oriental Minerals Inc. has granted 600,000 incentive stock options at a price of 64 cents per share to its directors and officers. The stock options are exercisable until March 25, 2011.