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By Charles S. Ney

"THE WRITER'S acquaintance with Kootenay King mine is limited to a brief geological excursion in the vicinity. This paper has been compiled largely from maps of J. Sullivan, mine geologist in 1952, kindly made available to the writer by Transcontinental Resources; a 1942 private report by W. L. Brown; and personal communications with J. Sullivan. Remarks on regional geology, and the comparison with Sullivan mine, are specifically the writer's.The Kootenay King mine is situated in the westernmost range of the southern Canadian Rockies at an elevation of 7,300 feet. From the Sullivan Mine at Kimberley, B. C., it lies 19 miles due east. Six miles of this distance are represented by the pronounced topographical and structural gap of the Rocky Mountain Trench. Mineral claims were locat-ed in the area prior to 1898. The deposit was first seriously explored in the late 1920s, and a small orebody was then outlined and developed. Mining and milling were undertaken in 1951.52. The orebody, amounting to about 14,000 tons, was mined out, and no significant new ore was revealed.The orebody is a replacement of dolomitic argillite by fine-grained galena, sphalerite, and pyrite. The sulphides are finely laminated in the direction of bedding, following out minor folds faithfully. The grade of ore estimated from diamond drill holes (W. L. Brown, 1942) was 11 ·I per cent zinc, 11 ·I per cent lead, and 3·8 ounces per ton of silver. The mineralized zone extends about 250 feet horizontally, 160 feet vertically, with a width of six to twenty feet.General GeologyThe country rocks are sediments of the Aldridge formation of late Precambrian age. For several thousand feet stratigraphically above and below the mine, the formation consists mainly of thinly laminated argillite and siltstone. Several horizons contain appreciable carbonate. About 2,800 feet stratigraphically below the mine, predominantly dolomitic beds mark the top of the underlying Fort Steele formation. The medium-bedded fine quartzites, which characterize about 10,000 feet of the Middle Aldridge in the Purcell range, have a restricted development amounting to only 2,000 feet in the Rocky Mountains. This member is about 2,200 feet above the mine horizon."

Jan 1, 1949

By S. I. Vobnout, J. Wm. White, J. P. Olson

"Mine management now recognizes the value of computer-based truck-shovel dispatching in open pit mines. The key tangible benefits are substantial productivity increases with a given fleet of equipment or, alternately, significant reductions in equipment required to meet production quotas. In this paper, the authors review the literature, report on efficient, optimal algorithms for haul truck dispatching in real-time, and briefly discuss methods used by various mines to evaluate productivity improvements over manual methods. Actual results obtained at thirteen mining operations around the world are also presented.IntroductionModular Mining Systems manufactures, installs, and supports its computer-based DISPATCH system at mines worldwide. DISPATCH is a large scale, computer-based mine management system which controls the dispatching of all haul trucks in any open pit mine (Fig. 1). When increased production is important, DISPATCH gets the needed production increase with fewer new or recommissioned trucks. DISPATCH also helps operations meet its blending objectives while minimizing rehandle and maintaining production. Furthermore, DISPATCH includes a powerful, eventdriven simulation subsystem. With the simulator mine management can pose ""what if' situations and see the predicted effect on production"

Jan 1, 1993

By Roland Froidevaux

"The main object of ore reserve classification is to assess the reliability of an ore reserve estimate. Because traditional classification schemes fail to provide a means of calculating this reliability, the terms 'proven "" 'probable' and 'possible ' ore were introduced as an attempt to qualify it.Geostatistics, on its part, allows the quantification of the precision of any ore estimate and thus appears as an appropriate tool for ore reserve classification.However, the problem of fixing quantitative boundaries for ore classes remains. In order to be meaningful, ore class limits based on the degree of reliability should be customized to the commodity, and the type and size of the deposit. In addition, the precision of an ore estimate will be affected by the cut-off grade and the size of selective mining units.IntroductionPrimarily, ore reserve classification should be seen as a communication tool between the geologist and the mining engineer on one hand and the management and policy maker on the other. By classifying ore reserves, the geologist tries to answer the very fundamental question: ""What quantity of metal is there in the ground and how sure am I that it really exists?""The difficult y of quantifying the degree of reliability of reserves has led to the creation of a large suite of terms and definitions, with almost every mining company having its own set of definition standards. As lower-grade deposits are brought into production, the margin of tolerable error in estimates of the grade and tonnage is becoming much narrower. Consequently, the need for unequivocal definition of the reliability of ore reserves is increasingly acute. Most of the generally accepted systems of classification, however, describe the reliability of reserves in qualitative, rather than quantitative, terms."

Jan 1, 1982

By Yuki Tsunazawa, Sho Fukui, Chiharu Tokoro

"A milling process is one of the important unit processes in mineral processing. In the milling process, the control of particle size distribution is necessary for the later physical separation process. Since the milling process is strongly affected by the equipment designs, operation conditions and raw materials, the control for particle size distribution of milling products is mainly based on empirical rules. Recently, the discrete element method (DEM) has been widely used as an effective tool to investigate the behavior of grinding media. Although the behavior of grinding media can be accurately simulated, it is not well-established the way to predict particle size distribution after milling by the DEM simulation.The objective of this study was to develop a new method to predict particle size distribution in ball milling using the DEM simulation. To predict particle size reduction, a correlation between experiments and the simulation was investigated in various operation conditions, that is, wide range of the rotation speed and the filling ratio of grinding media. In experiments, after lime stone was ground, the average and variance of particle size distribution were evaluated using some kinds of distribution equations. In the DEM simulation, direct simulation of particle disintegration in milling process is generally very difficult because of huge computational load. Therefore, collision energy between grinding media balls orgrinding media ball and wall was used as a factor of particle disintegration.As a result, a good correlation between experiments and simulation was obtained. In addition, the particle size distribution in ball milling could be predicted using this correlation. Therefore, these results indicated that the use of the correlation between experiments and the DEM simulation was an effective approach of predicting the particle size distribution in milling process."

Jan 1, 2016

Accurately modeling and predicting long term mill throughput is one of the challenges facing metallurgists, geologists and mine engineers in their quest to consistently deliver accurate life of mine business plans. Batu Hijau has systematically improved long and short term mill throughput predictions since feasibility and commissioning in 1999. This has been achieved through a combination of ongoing improvement to the geology ore hardness and grade characterisation model, drill and blast optimisation and, by application of these data to model mill throughput. Batu Hijau has demonstrated the ability to consistently estimate long term mill throughput within ±2% accuracy. Aside from reliably predicting expected production rates with the existing plant configuration, this predictive ability provides a solid foundation for identifying operating and design criteria for short term grinding circuit optimisation and future expansions. This paper discusses ongoing throughput prediction model development at Batu Hijau based on geo-metallurgical characterisation. Also discussed are tools used for day to day production performance management. This includes on line "Mine to Mill" variable monitoring to improve operations parameter ecision making and performance assessment.

Nov 1, 2011

By F. Wirfiyata

"Accurately modeling and predicting long term mill throughput is one of the challenges facing metallurgists, geologists and mine engineers in their quest to consistently deliver accurate life of mine business plans.Batu Hijau has systematically improved long and short term mill throughput predictions since feasibility and commissioning in 1999. This has been achieved through a combination of ongoing improvement to the geology ore hardness and grade characterisation model, drill and blast optimisation and, by application of these data to model mill throughput.Batu Hijau has demonstrated the ability to consistently estimate long term mill throughput within ±2% accuracy. Aside from reliably predicting expected production rates with the existing plant configuration, this predictive ability provides a solid foundation for identifying operating and design criteria for short term grinding circuit optimisation and future expansions.This paper discusses ongoing throughput prediction model development at Batu Hijau based on geo-metallurgical characterisation. Also discussed are tools used for day to day production performance management. This includes on line ""Mine to Mill"" variable monitoring to improve operations parameter decision making and performance assessment."

Jan 1, 2012

By P. J. Urso

"This paper discusses the mining problems encountered at the Fording River coal mine to date, and how they have been solved. All of the production now comes from surface mining, but underground hydraulic mining is planned and briefly described. Other facets of the operation, including markets, equipment and personnel, are covered. IntroductionFording Coal Limited was formed in 1968 to mine and market metallurgical coal resources held by the company in the East Kootenay region of southeastern British Columbia. The company, at its Fording River operations, holds approximately 48,000 acres of coal lands, having an estimated 2.0 to 3.0 billion long tons of metallurgical coal in place. (Although not a point for further discuss ion in this paper, the company also holds approximately 1.0 million acres of mineral rights. These consist primarily of coal in Alberta, potash and coal in Saskatchewan, and minor industrial mineral holdings of limestone, salt and bentonite in the three western provinces.)Fording Coal is owned 60% by Canadian Pacific Investments Ltd. and 40% by Cominco Ltd. Inasmuch as Cominco itself is owned approximately 54% by CPI, it is seen that the effective CPI ownership of Fording is about 82%. The company, originally staffed and managed by Cominco, has been independent since January, 1978, with its own board of directors, management, staff and employees.The company's head office is in Calgary, Alberta. The Fording River operations are located approximately 45 miles north of the Crowsnest Pass, near the Alberta/British Columbia boundary, only 95 air miles and 200 road miles from Calgary.A contract was signed in 1969 with the Japanese steel mills to provide 45 million long tons of metallurgical coal over IS years, commencing in 1972 at an annual rate of 3 million long tons per year. Despite some start- up difficulties, the mine and plant facilities achieved their rated capacities in 1975, producing and shipping at the 3-million-Iong-ton level. The coal specifications are shown in Table I."

Jan 1, 1980

By James Tuer, John R. Goode, Jim Cambon

"Hudson Resources Inc. (Hudson) has defined a major resource of high purity anorthosite (calcium feldspar) assaying about 30% Al2O3 at the White Mountain (Naajat) deposit in Western Greenland. Extensive beneficiation and evaluation testwork has shown that the material can be simply beneficiated to produce a feed material ideal for the production of low-alkali E-glass used for making glass fibre. An offtake agreement is in place with a major US fibreglass manufacturer and, subject to the mine construction schedule, shipments are scheduled for late 2016 or early 2017. In parallel with the E-glass program, Hudson has completed an initial program of metallurgical testwork which shows that the White Mountain anorthosite can be processed by hydro- and pyro-metallurgical processes to yield either smelter-grade alumina (SGA), suitable for conversion to aluminium metal, or a high purity, chemical/specialty-grade alpha-alumina (CGA) commanding a premium price. The process includes dissolution of the anorthosite in hydrochloric acid, HCl sparging to precipitate aluminium chloride hexahydrate (ACH), recycle of the ACH filtrate to leaching with a bleed stream processed for HCl regeneration from CaCl2, and two-stage calcination of the ACH to regenerate HCl and produce SGA and/or CGA. Calcium silicate and amorphous silica are marketable by-products. This paper discusses the White Mountain anorthosite deposit; the process testwork completed to develop production processes for SGA and CGA; production plans, and indicative economics.INTRODUCTIONHudson Resources Inc. (Hudson) holds a 100% interest in the Naajat Exploitation Licence in Western Greenland that cover the White Mountain high-calcic anorthosite deposit. Anorthosite is a calcium aluminosilicate of slightly variable composition but generally containing about 30% Al2O3. The alumina content is similar to that in bauxite and anorthosite has long been studied as a feedstock for the production of alumina. Other potential uses include feedstock for the high-end fiberglass (E-glass) industry and as a filler for use in paint and plastics."

Jan 1, 2016

By J. F. Hazzard, R. J. Chalaturnyk, C. Khazaei

"Various measurement, monitoring and verification (MMV) techniques are used to ensure the safety of operations in petroleum projects. One of these techniques is microseismic (MS) monitoring of the caprock. A challenge in MS monitoring of caprock is that unlike projects such as tunnelling in hard rocks, the number of recorded events are much smaller and also wide spread through the rock mass which makes interpretation of the physical meaning behind the events very difficult.In this paper, a numerical technique is introduced and validated for coupling a finite difference code, FLAC3D (Fast Lagrangian Analysis of Continua), with a discrete element code, PFC3D (Particle Flow Code). Then, a similar approach is adopted for modeling microseismic events in the caprock. For this purpose, the underburden, reservoir and overburden layers are modeled by FLAC3D. A rather small section of caprock above the reservoir is nulled in the FLAC3D model and substituted by a PFC3D inclusion. The reservoir pressures are then applied to the reservoir section of FLAC3D. Once the FLAC3D cycles, there will be induced pressures in the caprock due to its undrained response to the change in pressures within the reservoir. These induced pressures are transferred to PFC3D as boundary velocities. Then the PFC3D cycles and sends back the boundary forces to FLAC3D. This back and forth process continues until equilibrium is reached. During this process, there will be bond breakages within the PFC3D inclusion that can be regarded as MS events. An algorithm for recording the microseismic energies based on a change in local strains is also implemented. The results are then compared with real data. The effect of injection fluid temperature is also studied. No significant appearance of microseismic events was observed due to injection of CO2 in both cases (i.e. with or without considering temperature). However, this continuum/discontinuum approach seems promising for understanding the microseismic response of caprock in more detail and also using the MS data for validation of geomechanical models."

Jan 1, 2015

By Brian W. Mackenzie

"This paper briefly outlines the characteristics which should be considered in assessing the economics of mineral exploration, and illustrates such an assessment by using data from the Canadian base metal sector. Implications for the sector are found to include the following:(1) base metal exploration has the potential to create a substantial amount of new wealth;(2) investment incentive for exploration under current conditions is not unattractive over-all;(3) because of existing taxation policies, there is much more incentive for large companies to explore than for smaller enterprises;(4) succesful exploration is sensitive to the size, financial resources and organizational structure of the exploration entity;(5) the general level of recent exploration expenditures should be adequate to maintain the current rate of production and perhaps to support very modest growth; and(6) there is an important opportunity for growth in the sector.The findings of the study suggest that government policies should be made more flexible, in order to take into account the risks associated with exploration and with price fluctuations in the base metal sector. Recommendations are also made concerning improvements in provincial regulations for disclosure of exploration information."

Jan 1, 1981

By D. Doyle, T. Cienski

"This paper presents and discusses the results of a detailed study conducted on the subject of energy consumption in the comminution of industrial minerals. The study was based on pilot circuit testing, plant operating data collection, detailed equipment data and literature research. The areas covered by investigations include: high efficiency classification; air classifiers for cement grinding circuits; grinding aids in dry grinding; and dry grinding circuit control based on particle size measurement. Results obtained indicate a large potential for the reduction of energy consumption, in particular in the cement clinker grinding circuits. Better classification techniques and correct application of grinding additives can significantly reduce power used per tonne of product and also substantially increase grinding circuit output."

Jan 1, 1992

By L. C. Galloway, G. L. Tiley

"Mine hoist brakes must meet the following statutory performance criteria:- There should be two independent braking systems; at least one should act directly on the hoist drum.-If one brake fail s, the others should be able to retard and stop the hoist safely before the descending conveyance, carrying the rated load, reaches any obstruction.- When all brakes apply, decelerations should not be so violent that men travelling in the conveyance are injured.- The brakes shall not overheat and fade during an emergency stop.This paper discusses design principles and capacities of caliper and disc type brakes, when applied to double drum and friction hoists of equivalent capacity.IntroductionThis paper is about the brakes that are used on mine hoists; their functions, especially in emergencies, typical design, and how they are operated, controlled, tested, and adjusted.There are two basic types of mine hoists:1. Drum hoists, where the ropes are attached to, and coil on drums. The simplest system has only one drum. Most such hoists, however, have two drums, attached to a common shaft. Ropes are wound on each drum in opposite directions, so that when one conveyance is being raised, the other is lowered. The conveynaces may travel in vertical or inclined shafts. In the latter case, the hoist s are referred to as slope hoists.2. Friction hoist s, where the headropes are not attached to the wheel, but are in contact with it for an angle of lap of, typically, between 180 and 195 degree s. Forces are transmitted from the hoist wheel to the head ropes by friction.The lower ends of the conveyances are connected to balance ropes , approximately the same weight per foot as the headropes."

Jan 1, 1986

By W. G. Davenport

Methods of extracting copper are evaluated in terms of innovations during the 1970's, and predictions to the end of this century are made. It is concluded that between one and two new smelters and refineries will be needed per year until the turn of the century, and that most of these smelters will be of the oxygen or oxygen-enriched flash furnace type. For converting, the Peirce-Smith converter will still predominate, but the Hoboken converter will play an increasingly important role. Five Japanese pollution control systems are described and it is suggested that much of this technology will be included in future smelting installations. Further growth of hydrometallurgy is predicted, especially for oxide ores, based on improved product metal quality and low plant cost. A n increased level of scrap resmelting is also expected.

Jan 1, 1980

New Millennium Capital Corp. shall not be liable or responsible for any claim or damage, direct or indirect, special or consequential, incurred by the user arising out of the interpretation, reliance upon or other use of the information. Users should not rely on information for any purpose other than for gaining general knowledge of New Millennium Capital Corp. Although New Millennium Capital Corp. believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.

May 1, 2011

By E. Yalçin, A. Ünal

In transitional mineralization, the sill of the underlying variogram is relatively easily estimated, but the estimation of the nugget effect may be more difficult. This study aims to determine for massive copper deposits just how sensitive the estimations of ore reserve, economic copper content, total net value, and ultimate pit limits are to the errors of estimation in the nugget effect of the spherical variogram model. A massive copper deposit which has a log-normal distribution and a spherical variogram was simulated on a rectangular grid using the turning bands method. By using the three dimensional random kriging method, the mean block grades were estimated at four different sampling densities. The ultimate pit-limits were determined by using the two-dimensional dynamic programming algorithm. To calculate the estimation errors, the values obtained by using the actual nugget effect and structured component values were deducted from the estimations obtained using the incorrect nugget effect and structured component values. For isotropic massive copper deposits, it was found that the ratio of the nugget effect to the structured component of the spherical variogram has no significant effect on either the block grades estimated by the kriging method or on the ultimate pit limits.

Jan 1, 1992

By Robert B. Parsons

"Thrashing one's way through a jungle of entangled tax rules is no easy task today, as Canada's legislators continue to complicate this country's income tax laws. At some magical point, there is presumably some balance to be struck between legislation which is equitable and unambiguous on the one hand, and at the same time is efficiently complied with and administered. It is becoming increasingly clear that the legislation is not in balance, and that there is a pressing need for some simplification of the income tax rules and regulations especially in areas of critical importance to the resource industries-even though such simplification will likely involve some sacrifice of equity and certainty.Introduction""I would wish that ... the superfluous and tedious statutes were brought into one sum together, and made more plain and short, to the intent that men might better understand them."" Edward VI, King of England 1547-1553.Regal decree notwithstanding, the legislation of most developed nations continues to become more complex, lengthy, and confusing than ever before. Canada's income tax system cannot escape the accusatory finger pointing at examples of this serious problem which plagues all of us today.Although many areas of our tax law could easily warrant some degree of simplification, for those who are involved with this country's resource sector, that horrendous, almost unreadable, part of our tax legislation which deals with resource taxation must be regarded s a prime candidate for simplification. In recent decades, but particularly in the past ten years since tax reform in 1972, budget after budget, both federal and provincial, have amended, massaged, modified, and manipulated the resource tax rules to the point where not only are taxpayers totally lost in their attempts to make some sense of the entanglement of rules, but also the draftsmen themselves acknowledge that the outer limits of complexity are being reached, and that the whole set of rules is on the verge of grinding to a groaning halt under its own weight of nonsense and frustration."

Jan 1, 1982

By T. D. Brown

"A review of the current status of gasification technology shows that many engineering systems are immediately available for use in the gasification of coal. Widespread international experience can be brought to bear on the atmospheric pressure gasification of all Canadian coals.Unless a high ash content dictates the use of a fluid-bed gasifier, it appears that bituminous coals can be used in gravitating (fixed] bed systems and that the strongly caking coals are most suited to the high-pressure entrained-bed systems . Existing and developing technologies in fluid-bed gasification are attractive for reactive lignites and subbituminous coals.The Fischer-Tropsch based process is the only commercial embodiment of coal liquefaction; the use of Canadian coals in this process depends only on their gasification characteristics. Current developments in hydroliquefaction are directed toward carboniferous coals of medium or high rank. It is not clear that cretaceous coals of the same rank will give similar process yields and economics.IntroductionThe twin coal conversion processes of gasification and liquefaction have a history which dates back beyond the current energy shortages of the western world. Indeed, liquids and gas from coal were produced before this century.Coal gas produced from a coal carbonization process was originated before 1800, and the development of gasification of non-coking coals was patented by Siemens in 1860.This patent represented the first use of air and steam together in the gasmaking process. The pioneering development of coal gasification Using oxygen and steam was demonstrated by Lurgi in the late 1920s. This historical sequence was all carried out at atmospheric pressure, and it was not until the immediate pre-war (1939/45) years that operation of the coal gasification process at elevated pressure became a reality."

Jan 1, 1981

By R. S. Nichols

"During 1973 to 1978, Canadaka Mines Limited, a subsidiary of St. Joseph Explorations Ltd., undertook an extensive exploration and development program in the Cobalt area. This program resulted in the delineation of previously unknown stratigraphic units in the Archean volcanic sequence. During this time period, significant are controls related to area silver deposits were also identified.The Archean geology is comprised of a volcanic pile conformably overlain by sediments. The volcanics contain at least two felsic volcanic centres near the stratigraphic top of the pile. The bulk of the pile consists of mafic flows and interflow sediments. lnterflow sediments around silver are shoots contain mineralized halos of base metal sulphides. The halos exhibit lateral and vertical metal zoning with Cu, Pb and Zn mineralization decreasing away from an are shoot.Silver mineralization controls determined during the Canadaka program agree with the historically well established importance of Coleman sediments as well as Archean contacts for hosting silver deposits. The vertical extent of are shoots is typically 150to 250ft. A strong correlation was found to exist in the Cobalt area between Archean strike and the strike of are veins. Finally, al/ Cobalt area are deposits appear to be associated with a distinct volcanic pile at the top of a sequence of Archean flows."

Jan 1, 1988

By D. L. Mckay

"Texasgulf's 25-foot-diameter Kidd Creek No. 2 Shaft is situated next to the company's No .1 Shaft, so that both shafts can share common surface and underground facilities. Shaft construction, covering a span of five years from collaring to commissioning , started by freezing the 50 feet of grey varved clay covering the bedrock. After first completing the concrete headframe, sinking to the 5/00-foot horizon utilized two different shaft construction methods. The top 2800 feet was excavated by slashing a 6-foot-diameter borehole and hoisting the broken material up the 3OO0-foot-deep No.1 Shaft; the remaining 2300 feet was excavated by conventional benching methods. Prior to installing the 5100 tons of galvanized shaft steel on the completion of the sinking operation, the sinker was able to install all thirteen armoured electrical cables in one pass with his modified galloway stage. All loading and lip pockets were installed along with the steel guides and bun tons during the equipping operation.IntroductionOn November 21,1978, Texasgulf completed the No.2 Shaft at Kidd Creek Mine. This shaft is the largest shaft (volumewise) in North America and is unique in many respects . The purpose of this paper is to outline some of the unique features of this shaft as well as to record how this facility was constructed.Soon after sinking No.1 Shaft, Texasgulf started a program of exploratory diamond drilling from the 2800 level in No. 1 Mine. The drilling outlined sufficient ore below that level to justify a second mine. Feasibility studies demonstrated that production could be increased by one-third exclusively from this deep ore . The study called for a 25-foot-diameter shaft to the 5100-foot horizon to service a mine producing 5,000 tons of ore per working day.The site chosen for No.2 Shaft and head frame is 350 feet southwest of No.1 Shaft. This, along with No.1 Shaft, will be away from the influence of ground subsidence when mining at depth. The collar and head frame foundations are located on a flat rock ledge some 70 feet below surface. This flat ledge was found by test holing through the overburden by diamond drilling. It is fortunate that this location best satisfied the surface layout and logistics for both surface and underground ore and waste handling."

Jan 1, 1981

By B. Morrison

"The Kiruna Electric System is a recently developed inclined ore haul age system for underground mining operations. Although an initial investigation was carried out at the Swedish underground iron ore mine LKAB almost three decades ago, it was not until 1981 that the resources of LKAB, ASEA and Kiruna Truck AB were combined to investigate, and subsequently develop an ""all- electric truck"" for the mining industry.It has long been appreciated, that major economical advantages could be realized by a mining operation through an extension of the cost-effective life of the existing ore hoisting system by the use of ramps to haul ore up to the main haulage level. Diesel truck s have been used and are being used for ramp haulage. Their use however, is limited due to ventilation and operating costs restraints.There are numerous instances of orebodies, located within a couple of hundred metre s of surface, or below an existing hoisting facility, being developed by ramp access while the shaft is being sunk. Development of an orebody via ramp access has many advantages to a mining operation where mechanized mining is to be practiced. These advantages are both practical and economical; generally falling within the over-all umbrella of the phrase ""cash flow"" mining.The decision to sink a shaft is a major committment by any mining company, regardless of size and financial reserves. Extensive diamond drilling, both shallow and deep must be carried out before a decision can be executed. This constitutes a major financial expenditure over an extended period of time.The decision to sink a shaft must be weighed against the reliability of geological interpretation of the deep diamond drilling results, the stability of the mineral market and potential fluctuation in ore prices and interest rates."

Jan 1, 1989