hier kann man """kohle"""machen
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https://www.welt.de/wirtschaft/article169432911/...nd-ohne-Pilot.html
13:32:02 T 4.92 0.27 200§1 Anonymous 1 Anonymous K
13:06:56 T 4.93 0.27 50§7 TD Sec 36 Latimer
13:06:56 T 4.92 0.27 200§7 TD Sec 1 Anonymous K
12:49:28 T 4.93 0.28 100§9 BMO Nesbitt 1 Anonymous K
12:35:00 T 4.90 0.25 500§1 Anonymous 15 UBS K
12:35:00 T 4.82 0.17 100§1 Anonymous 36 Latimer K
12:35:00 T 4.80 0.15 1,000§1 Anonymous 7 TD Sec K
12:35:00 T 4.75 0.10 4,900§1 Anonymous 1 Anonymous K
12:25:07 T 4.65§ 11,800 33 Canaccord 1 Anonymous K
https://www.stockwatch.com/Quote/Detail.aspx?symbol=PCY®ion=C
Mongolia and China envision giant power grids to light up Asia
https://www.japantimes.co.jp/news/2017/06/09/...ht-asia/#.WeM34LpuKM9
Vanadium: The Energy Storage Metal
http://www.visualcapitalist.com/vanadium-energy-storage-metal/
Emerging Global Vanadium Player
http://www.ferro-alloy.com/upload/static/...arch%20Report%20[ENG].pdf
Wichtiger ist im Moment das die 1.Tranche des pp durch ist und anscheinend auch die 2., da lt. aktueller Präsentationen wir ca. 6 mio cash haben.
Ebenfalls sehr interessant wieviele Aktien gerade den Besitzer wechseln. Mal sehen was die Woche noch so alles passiert
https://web.tmxmoney.com/...newsid=5995637283947608&qm_symbol=PCY
https://www.wallstreet-online.de/nachricht/...diumnachfrage-anschiebt
http://www.skanderbegcapital.com/
gab es noch weiter PP Zeichner
u.a.
https://www.iavaleursmobilieres.ca/
https://secure.mackieresearch.com/index.php
allein aus Kanada wurden mit dem ersten und zweiten pp über 4,5 Mio. investiert
ansonsten noch ein paar Privatpersonen
http://markets.businessinsider.com/news/stocks/...e-Energy-1006459880
Prophecy receives NI 43-101 Titan resource estimate
2017-11-08 14:50 ET - News Release
Mr. John Lee reports
PROPHECY REPORTS 46 MILLION TONNES AT 0.24% VANADIUM AND 14.88% TIO2 INFERRED RESOURCE AT TITAN, GIBELLINI RESOURCE ESTIMATE CURRENTLY IN PREPARATION
Prophecy Development Corp. has received an updated technical report on its 100-per-cent-owned Titan vanadium-iron-titanium property, located at Flett and Angus townships, 120 kilometres northeast of Sudbury, Ont. The Property consists of 262 contiguous hectares comprising 17 patented claims, with access to water, roads and electrical power.
The technical report was prepared by Mine Development Associates and is dated October 23, 2017 (the "Technical Report"). The Technical Report (available under the Company's SEDAR profile at www.sedar.com) was prepared in compliance with National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101") and reports an inferred resource for the Property as follows:
Resource CategoryTonnes (t)* Fe2O3 (%)V (%) TiO2 (%)
Inferred 46.0 million48.32 0.24 14.88
V converted to V2O5: 0.24 % V = 0.43% V2O5
The metal content calculated by the Company totals 434 million pounds of vanadium pentoxide content and 6,844 million kgs of titanium dioxide**.
*Based on resource estimated at cutoff grade of 40% Fe2O3 inside an optimized pit.
**100% metals recovery is assumed.
Mineral resources which are not mineral reserves have not demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
The Technical Report is authored by Neil Prenn, P. Eng. and Neil Pettigrew, P. Geo., who were independent Qualified Persons under NI 43-101 at the time the report was prepared.
The magnetite, ilmenite, titanium dioxide and vanadium mineralization at the Property occurs in a southeast plunging igneous body of gabbro to leucotroctolite composition in the Northeastern corner of the Fall Lake complex. The Titan deposit is located at the northern end of an aeromagnetic anomaly that is approximately 1,200 metres long by 800 metres wide.
A total of 4,898 assayed intervals were recorded from 38 core holes drilled by Randsburg International Gold Corp. ("Randsburg") (the prior co-owner) on the Property. Drilling highlights reported by Randsburg included 142 meters (drilled depths 3 to 145 meters) of 0.27% vanadium (0.48% vanadium pentoxide) from hole RA-05-21, and 174 meters (drilled depths 102 to 276 meters) of 0.26% vanadium (0.46% vanadium pentoxide) from hole RA-05-10. The mineralization starts at shallow depth (1.2 to 30.0 meters) below the surface over most of the deposit and is found to an open vertical depth greater than 500 metres at two drill holes. The complete horizontal and vertical extent of the deposit is still to be determined.
The Titan vanadium deposit has the potential to become an important source of vanadium supply. Grid-scale vanadium redox flow batteries are expected to enable efficient release of wind and solar energy to the power grid, thus their deployment is anticipated to be generally in line with the surge in wind and solar energy capacities currently estimated at over 600 gigawatts. Total grid-scale battery deployment amounts to less than 2 gigawatts, representing a high-growth market.
Separately, AMEC E&C Services, Inc. has been engaged by Prophecy since August 2017, to prepare a technical report for the Gibellini and Louie Hill vanadium projects (respectively, "Gibellini" and "Louie Hill"). The Company expects to announce updated mineral resource estimates in accordance with NI 43-101 for both Gibellini and Louie Hill once the technical report is completed.
Further to the Company's news release dated July 21, 2017, Fairmont Resources Inc. ("Fairmont") and Prophecy have mutually agreed to terminate the letter agreement for Prophecy to acquire the Buttercup project from Fairmont. Prophecy did not conclude its due diligence inquiries within the timeframe required in the letter agreement.
Qualified Persons
The technical content of this news release was reviewed and approved by Christopher M. Kravits, CPG, LPG, who is a Qualified Person within the meaning of NI 43-101. Mr. Kravits is a consultant to the Company and serves as its Qualified Person and General Mining Manager. Mr. Kravits is not independent of the Company in that most of his income is derived from the Company.
Neil Prenn, P. Eng., of Mine Development Associates is the Qualified Person within the meaning of NI 43-101 who supervised preparation of, and is responsible for, all sections of the Technical Report and mineral resource estimate addressed in this news release except those issues described in Section 3 and Sections 7, 8 and 12.1. Neil Pettigrew, P. Geo., also of Mine Development Associates is the Qualified Person within the meaning of NI 43-101 who supervised preparation of, and is responsible for, Sections 7, 8 and 12.1 of the Technical Report.
About Prophecy
Prophecy Development Corp. is a Canadian public company listed on the Toronto Stock Exchange. The Company aims to provide exposure and leverage to rising vanadium prices by defining and adding attributable vanadium resources in the ground in politically safe jurisdictions.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
Sieht schon mal etwas besser aus!
http://www.skanderbegcapital.com/clients/
Also sie haben die auf dem Schirm? Als Empfehlung?
Date ET Symbol Ex Price Type Headline
2017-11-14 14:52 C:PCY 4.76 SEDAR MD & A SEDAR MD & A
2017-11-14 14:51 C:PCY 4.76 SEDAR Interim Financial Statements SEDAR Interim Financial Statements
2017-11-08 14:50 C:PCY 4.60 News Release Prophecy receives NI 43-101 Titan resource estimate
Prophecy receives Gibellini NI 43-101 resource estimate
2017-11-20 13:37 ET - News Release
Mr. John Lee reports
PROPHECY REPORTS MEASURED AND INDICATED MINERAL RESOURCE FOR GIBELLINI PRIMARY VANADIUM PROJECT IN NEVADA
Prophecy Development Corp. has received an independent technical report titled "Gibellini Vanadium Project, Nevada, USA, NI 43-101 Technical Report" with an effective date of Nov. 10, 2017, prepared by Amec Foster Wheeler E&C Services Inc. on the Gibellini vanadium project, which has been filed under the company's profile on SEDAR.
The project is located in Eureka county, Nevada, about 25 miles south of the town of Eureka, and is easily accessed by a graded gravel road extending south from U.S. Highway 50. Nevada is featured in the 2016 Fraser Institute survey of mining companies as the fourth most attractive jurisdiction for mining investment globally.
The report describes resources according to category following the guidelines of the CIM (Canadian Institute of Mining, Metallurgy and Petroleum) definition standards for mineral resources and mineral reserves.
Two mineral resource estimates were prepared -- one for the Gibellini deposit and the second for the Louie Hill deposit.
Gibellini deposit
The report has estimated 7.85 million tons at a weighted average grade of 0.316 per cent vanadium pentoxide (V2O5) in the measured category and 14.16 million tons at a weighted average grade of 0.281 per cent V2O5 in the indicated category, leading to a total combined measured and indicated mineral resource of 22.01 million tons at a weighted average grade of 0.294 per cent V2O5. Total contained metal content of the measured and indicated mineral resources is 129.28 million pounds V2O5. The inferred mineral resource estimate is 9.82 million tons at a weighted average grade of 0.19 per cent V2O5. The total contained metal content of the inferred mineral resource estimate is 37.27 million pounds V2O5. The attached table summarizes the Gibellini deposit estimate.
GIBELLINI DEPOSIT MINERAL RESOURCE STATEMENT
Resource Domain Cut-off Tons Grade Metal content
category (% V2O5) (millions) (% V2O5) (M lb V2O5)
Measured Oxide 0.116 3.90 0.253 19.74
Transition 0.105 3.95 0.379 29.88
Indicated Oxide 0.116 7.04 0.235 33.12
Transition 0.105 7.12 0.327 46.55
Total measured
and indicated 22.01 0.294 129.28
Inferred Oxide 0.116 0.14 0.179 0.50
Transition 0.105 0.01 0.179 0.03
Reduced 0.134 9.68 0.190 36.75
Total inferred 9.82 0.190 37.27
Notes to accompany mineral resource table for Gibellini deposit:
(1) The qualified person for the estimate is E.J.C. Orbock III, RM SME, an Amec
Foster Wheeler employee. The mineral resource estimate has an effective date
of Nov. 10, 2017.
(2) Mineral resources are reported at various cut-off grades for oxide,
transition and reduced material.
(3) Mineral Resources are reported within a conceptual pit shell that uses the
following assumptions: mineral resource V2O5 price of $10.81 per pound;
mining cost of $2.21 per ton mined; process cost of $13.14 per ton processed;
general and administrative (G&A) cost of 99 cents per ton processed;
metallurgical recovery assumptions of 60 per cent for oxide material,
70 per cent for transition material and 52 per cent for reduced material;
tonnage factors of 16.86 cubic feet per ton for oxide material, 16.35 cubic
feet per ton for transition material and 14.18 cubic feet per ton for reduced
material; royalty of 2.5 per cent net smelter return (NSR); and shipping and
conversion costs of 37 cents per pound. An overall 40-degree pit slope angle
assumption was used.
(4) Rounding as required by reporting guidelines may result in apparent
summation differences between tons, grade and contained metal content.
Tonnage and grade measurements are in U.S. units. Grades are reported
in percentages.
Louie Hill deposit
The Louie Hill deposit lies approximately 1,600 feet south of the Gibellini deposit.
The report estimated an inferred mineral resource of 7.06 million tons at a weighted average grade of 0.284 per cent V2O5. The oxidation domains were not modelled. The total contained metal content of the estimate is 40.16 million pounds V2O5. The attached table summarizes the Louie Hill deposit estimate.
LOUIE HILL DEPOSIT MINERAL RESOURCE STATEMENT
Resource Domain Cut-off Tons Grade Metal content
category (% V2O5) (millions) (% V2O5) (M lb V2O5)
Inferred Not modelled 0.116 7.06 0.284 40.16
Notes to accompany mineral resource table for Louie Hill:
(1) The qualified person for the estimate is Mr. Orbock, an Amec Foster Wheeler
employee. The mineral resources have an effective date of Nov. 10, 2017. The
resource model was prepared by Mark Hertel, RM SME.
(2) Oxidation state was not modelled.
(3) Mineral resources are reported within a conceptual pit shell that uses the
following assumptions: mineral resource V2O5 price of $10.81 per lb; mining cost
of $2.21 per ton mined; process cost of $13.14 per ton processed; general and
administrative cost of 99 cents per ton processed; metallurgical recovery
assumptions of 60 per cent for mineralized material; tonnage factors of
16.86 cubic feet per ton for mineralized material; royalty of 2.5 per cent net
smelter return; and shipping and conversion costs of 37 cents per lb. For the
purposes of the resource estimate, an overall 40-degree slope angle assumption
was used.
(4) Rounding as required by reporting guidelines may result in apparent summation
differences between tons, grade and contained metal content. Tonnage and grade
measurements are in U.S. units. Grades are reported in percentages.
A total of 280 drill holes (about 51,265 ft) have been completed on the project since 1946, comprising 16 core holes (4,046 ft), 169 rotary drill holes (25,077 ft; note that not all drill holes have footages recorded) and 95 reverse circulation holes (22,142 ft).
The vanadium-host black shale unit ranges from 175 ft to over 300 ft thick and overlies gray mudstone. The shale has been oxidized to various hues of yellow and orange to a depth of 100 ft. Alteration (oxidation) of the rocks is classified as one of three oxide codes: oxidized, transitional and reduced.
A feasibility study was commissioned in late 2010 by the previous operator, American Vanadium Corp., and was completed in 2011. The 2011 feasibility study assumed a conventional open-pit mine using a truck-and-shovel fleet for mining and a heap leach to produce V2O5 as a bagged product. Prophecy is not treating either the mineral reserves resulting from the 2011 feasibility study or the economic results of that study as current. No work has been conducted on the project since 2011. Prophecy has completed no exploration or drilling activities since project acquisition.
Metallurgy
A heap-leach operation without initial roasting step was modelled and designed to produce V2O5 as a bagged product.
Metallurgical test work and associated analytical procedures were performed by recognized testing facilities during the period 1975 to 2011, and the tests performed were appropriate to the mineralization type. Samples selected for testing were representative of the various types and styles of mineralization. Samples were selected from a range of depths within the deposit. Sufficient samples were obtained to ensure that tests were performed on sufficient sample mass. For the purposes of the mineral resource estimate, recoveries of 60 per cent for oxide material and 70 per cent for transitional material were considered appropriate. No processing factors were identified from the completed metallurgical test work that would have a significant effect on extraction. The attached table summarizes the projected metallurgical recoveries for the three defined oxidation-type domains.
Mill feed material type % recovery
Oxide 60%
Transition 70%
Reduced 52%
Environmental and permitting considerations
Baseline studies conducted in 2010 and 2011 included studies to document the existing conditions of biological resources, cultural resources, surface water resources, groundwater resources and waste rock geochemical characterization. The baseline data collected would be subject to review and approval by the Bureau of Land Management (BLM) and the Nevada Department of Environmental Protection and other regulatory agencies.
Prior to commencing any mining operations on public lands administered by the BLM, a plan of operations describing how a proponent will prevent unnecessary and undue land degradation and reclaim the disturbed areas must be submitted to the BLM.
Both the baseline studies and the plan of operations were prepared and submitted by the project's previous operator and deemed complete by the BLM in order to start the National Environmental Policy Act process.
John Lee, chairman of Prophecy, stated: "Gibellini is an exceptionally rare open-pit, heap-leach vanadium project in Nevada, with low deleterious (less than 1 per cent iron, titanium and magnesium oxide) elements. In 2018, Prophecy intends to update and accelerate prior feasibility and permitting work. We believe vanadium batteries have a bright future in the United States with strong renewable energy mandates in Texas, Arizona, California, Nevada and many other windy/sunshine states. Our goal is to make Gibellini the first primary vanadium operating mine in North America."
Qualified persons
The technical contents of this news release have been prepared under the supervision of Christopher M. Kravits, CPG, LPG, general mining manager of Prophecy. Mr. Kravits is a qualified person as defined in National Instrument 43-101. Mr. Kravits is a consultant to the company and is not independent of the company since most of his income is derived from the company.
Edward J.C. Orbock, III, RM SME, of Amec Foster Wheeler, is the qualified person within the meaning of NI 43-101 who supervised preparation of and is responsible for all sections of the report and mineral resource estimates addressed in this news release.
About Prophecy Development Corp.
Prophecy aims to provide exposure and leverage to rising vanadium prices by defining and adding attributable vanadium resources in the ground in politically safe jurisdictions.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
Prophecy Development Corp (2)
Symbol C : PCY
Shares Issued 6,173,794
Close 2017-11-21 C$ 4.84
Recent Sedar Documents
View Original Document
Prophecy releases Pulacayo NI 43-101 indicated estimate
2017-11-22 08:13 ET - News Release
Mr. John Lee reports
PROPHECY REPORTS 2.08 MILLION TONNES OF INDICATED RESOURCE GRADING: 455 G/T SILVER, 3.19% ZINC, 2.18% LEAD (594 G/T AG EQ.) FOR PULACAYO PROJECT
Prophecy Development Corp. has received an independent technical report with an effective date of Oct. 20, 2017, titled "Updated mineral resource estimate and technical report for the Pulacayo project." The Report was prepared by Mercator Geological Services Limited ("Mercator") on the Company's Pulacayo project (the "Project") and has been filed under the Company's profile on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com.
The Project is located in Bolivia, 107 km northeast of Sumitomo Corporation's San Cristobal silver mine, 185 km southwest of Coeur Mining, Inc.'s San Bartolome silver mine, and 139 km north of Pan American Silver Corp.'s San Vicente silver mine.
The Report describes resources estimated following the guidelines of the CIM Definition Standards for Mineral Resources and Mineral Reserves.
Two mineral resource estimates were disclosed according to the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") - one for the Pulacayo deposit and the second for the Paca deposit.
Pulacayo Deposit
Results of the mineral resource estimate prepared by Mercator for the Pulacayo deposit are presented below in Table 1. The Report filed on SEDAR documents the resource estimate.
The Report outlined 2.08 million tonnes at a weighted average grade of Ag 455 g/t, Pb 2.18%, Zn 3.19% (Ag Eq. 594 g/t) in the indicated category and 0.48 million tonnes at a weighted average grade of Ag 406 g/t, Pb 2.08%, Zn 3.93% (Ag Eq. 572 g/t) in the inferred category. The contained metal content estimated by the Company, of the indicated category resources is 30.4 million ounces of silver, 100.0 million pounds of lead, 146.3 million pounds of zinc. The contained metal content estimated by the Company, of the inferred category resource is 6.3 million ounces of silver, 22.0 million pounds of lead, and 41.6 million pounds of zinc (more resource details in the table below).
Table 1. Pulacayo Indicated and Inferred Mineral Resource Statement Details
Pulacayo Mineral Resource Statement - Effective October 20, 2017
Ag Eq. Cut-Off (g/t)Category Tonnes* Ag (g/t)Pb (%)Zn (%)Ag Eq. (g/t)
400 Indicated2,080,000455 2.18 3.19 594
Inferred 480,000 406 2.08 3.93 572
Notes:
(1) Mineral resources are estimated in conformance with the CIM Standards referenced in NI 43-101.
(2) Raw silver assays were capped at 1,700 g/t, raw lead assays were capped at 15% and raw zinc assays were
capped at 15%.
(3) Silver equivalent Ag Eq.
(g/t) = Ag (g/t)*89.2% + (Pb% *(US$0.94/ lb.
Pb /14.583 Troy oz./lb./US$16.50
per Troy oz.
Ag)*10,000*91.9%) + (Zn% *(US$1.00/lb. Zn/14.583 Troy oz./lb./US$16.50 per Troy oz.
Ag)*10,000*82.9%).
(4) Metal prices used in the silver equivalent calculation are US$16.50/Troy oz.
Ag, US$0.94/lb Pb and
US$1.00/lb. Zn. Metal recoveries used in the silver equivalent equation reflect
historic metallurgical results
disclosed by Apogee Silver Ltd.
(Porter et al., 2013).
(5) Metal grades were interpolated within wire-framed, three-dimensional silver domain solids
using Geovia-Surpac Ver. 6.6.1 software and inverse distance squared interpolation methods. Block
size is 10m(X) by
10m(Z) by 2m(Y). Historic mine void space was removed from the model prior to reporting of resources.
(6) Block density factors reflect three-dimensional modeling of drill core density determinations.
(7) Mineral resources are considered to have reasonable expectation for economic development using
underground mining methods based on the deposit history, resource amount and metal grades, current
metal pricing and comparison to broadly comparable deposits elsewhere.
(8) Rounding of figures may result in apparent differences between tonnes, grade and contained ounces.
(9) Mineral resources that are not mineral reserves do not have demonstrated economic viability.
(10)
* Tonnes are rounded to nearest 10,000.
The contained metals estimated by the Company based on in the October 20, 2017 resource estimate by Mercator are presented in Table 2.
Table 2: Contained Metals Based on October 20, 2017 Pulacayo Deposit** Mineral Resource Estimate
Metal Indicated ResourceInferred Resource
Silver30.4 million oz. 6.3 million oz.
Lead 100.0 million lbs.22.0 million lbs.
Zinc 146.3 million lbs.41.6 million lbs.
** Based on the resource estimate Ag Eq. cut-off value of 400 g/t
and 100% recovery; figures are rounded to the nearest 100,000th increment
Between 2006 and 2012, a total of 69,739 metres of diamond drilling (226 surface and 42 underground drill holes) was conducted at Pulacayo, results of which support the mineral resource estimate reported in this news release. The Pulacayo site is currently permitted for production at a milling rate of 560 tonnes per day and no known legal, political, environmental, or other risks that would materially affect potential future development have been identified by Prophecy at the effective date of the current (October 20, 2017) mineral resource estimate.
Approximately 85% of the resource tonnage identified at the 400 g/t Ag Eq. cut-off value occurs within 150 meters vertical distance from the main San Leon tunnel, which may facilitate future mineral extraction.
Historic Pulacayo production was predominantly from the Tajo vein system which extends over a strike length of more than 2.5 km and to a depth of at least 1,000 meters. Prior resource drilling only covered approximately 20% of the Tajo vein system strike length. With new drilling, Prophecy feels that there is potential to discover additional resources along the Tajo structure.
The Company's research has shown that relatively few silver underground deposits have been defined at resource cut-off values of 400 g/t Ag Eq. or more.
Paca Deposit
The Paca deposit is located in Bolivia approximately 7 km north of the Pulacayo deposit.
Results of the mineral resource estimate prepared by Mercator for the Paca deposit are presented below in Table 3. The Report described previously and filed on SEDAR documents the resource estimate.
The Report outlined 2.54 million tonnes at a weighted average grade of Ag 256 g/t, Pb 1.03%, Zn 1.10% (Ag Eq. 342 g/t) in the inferred category. The contained metal content estimated by the Company, of the inferred category resources is 20.9 million ounces of silver, 57.7 million pounds of lead, 61.6 million pounds of zinc. (more resource details in the table below).
Table 3. Paca Inferred Mineral Resource Statement Details
Paca Mineral Resource Statement - Effective October 20, 2017
Ag Eq. Cut-Off (g/t)CategoryTonnes* Ag (g/t)Pb (%)Zn (%)Ag Eq. (g/t)
200 Inferred2,540,000256 1.03 1.10 342
Notes:
(1) Mineral resources are estimated in conformance with the CIM Standards referenced in NI 43-101.
(2) Raw silver assays were capped at 1,050 g/t, raw lead assays were capped at 5%
and raw zinc assays were
capped at 5%.
(3) Silver equivalent Ag Eq. (g/t) = Ag (g/t) + (Pb% *(US$0.94/ lb.
Pb /14.583 Troy oz./lb./US$16.50 per Troy
oz.
Ag)*10,000) + (Zn% *(US$1.00/lb. Zn/14.583 Troy oz./lb./US$16.50 per Troy oz. Ag)*10,000).
100 % metal recoveries are assumed based on lack of comprehensive metallurgical results.
(4) Metal prices used in the silver equivalent calculation are US$16.50/Troy oz. Ag,
US$0.94/lb Pb and
US$1.00/lb Zn and reflect those used for the Pulacayo deposit mineral resource
estimate reported above.
(5) Metal grades were interpolated within wire-framed, three-dimensional
solids using Geovia-Surpac Ver. 6.7
software and inverse distance squared interpolation methods. Block size is 5m (X)
by 5m (Z) by 2.5m (Y).
Historic mine void space was removed from the model prior to reporting resources.
(6) A block density factor of 2.26g/cm Superscript 3 was used and reflects
the average of
799 density measurements
.
(7) Mineral resources are considered to have reasonable expectation
for economic development using
combined underground and open pit methods based on the deposit history, resource
amount and metal
grades, current metal pricing and comparison to broadly comparable deposits elsewhere.
(8) Mineral resources that are not mineral reserves do not have demonstrated
economic viability.
(9) *Tonnes are rounded to nearest 10,000.
The contained metals estimated by the Company based on the October 20, 2017 resource estimate by Mercator are presented in Table 4.
Table 4. Contained Metals Based On October 20, 2017 Paca Deposit** Mineral Resource Estimate
Metal Inferred Resource
Silver20.9 million oz.
Lead 57.7 million lbs.
Zinc 61.6 million lbs.
** Based on the resource estimate Ag Eq. cut-off value of 200 g/t and 100% recovery; figures
are rounded to the nearest 100,000th increment
The resource estimate is based on results of 97 diamond drill holes and 1 reverse circulation drill hole totaling 18,160 meters completed between 2002 and 2007.
The geology of the Paca deposit includes a core zone of feeder-style mineralization associated predominantly with brecciated andesite, plus additional zones of shallowly dipping mantos-style mineralization that are hosted by the surrounding volcano-sedimentary sequence. The Paca deposit remains open at depth and along strike.
The Paca mineralization starts from surface and the deposit may be amenable to open-pit mining and this will be evaluated further in the future.
The Company's research has shown that relatively few silver open pit deposits have been defined at resource cut-off values of 200 g/t Ag Eq. or more.
Project update
The Company's Bolivian subsidiary, ASC Bolivia LDC Sucursal Bolivia, has invested approximately US$28 million at Pulacayo and already acquired necessary environmental and social licenses to mine at Pulacayo. The Company is working with the Bolivian mining ministry and Corporacion Minera De Bolivia (COMIBOL) to obtain authorization which will allow Prophecy to mine at Pulacayo while transitioning from the current joint venture contract to a mining production contract.
Qualified Persons
The technical contents of this news release have been prepared under the supervision of Christopher M. Kravits, CPG, LPG, General Mining Manager of Prophecy. Mr. Kravits is a Qualified Person as defined in NI 43-101. Mr. Kravits is a consultant to the Company and is not independent of the Company since most of his income is derived from the Company.
Peter Webster, P. Geo., of Mercator Geological Services Limited is one of the Qualified Persons within the meaning of NI 43-101 responsible for preparation of Sections 3.0 to 8.0, 14.0 to 23.0 and 26 of the Report. He also reviewed all Report sections, contributed to the Report Summary and Report Sections 24.0 and 25.0, and responsible for the mineral resource estimate addressed in this news release. Michael P. Cullen, P. Geo., also of Mercator Geological Services Limited is the other Qualified Person within the meaning of NI 43-101 responsible for preparation of Sections 1.0 and 2.0, 9.0 through 13.0 of the Report. He also reviewed all Report sections and contributed to the Report Summary.
About Prophecy
Prophecy Development Corp. is a Canadian public company listed on the Toronto Stock Exchange that is engaged in worldwide mineral and energy exploration and development. Further information on Prophecy can be found at www.prophecydev.com.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
https://web.tmxmoney.com/...newsid=8927776280762554&qm_symbol=PCY