Post by diamondjewels on Nov 29, 2005 17:07:37 GMT -6
chicad1966 said:
DJWasn't the wording used somewhere in one of our updates or the last pr, that said we were calling our project the "fort a la corne project"
This wording is close or the same, I don't remember which. Do you have a link for the old pr anywhere to compare? The wording of this is interesting to me!!!!Chicad
Technical Report For the Fort à la Corne Diamond Project — November 09, 2005
Consideration of the longer term view for the Fort á la Corne Project has provided the Joint Venture Partners with a clear perspective on the way forward. Predicted supply, demand, and price trends for rough diamonds into the next decade provide a rationale for accelerating the present rate of work on the project in order to be well positioned with respect to the favourable forecasts. In late 2004, an overview perspective of the Fort á la Corne Project, from present day to an assumed eventual mining operation, was examined and a time-line developed. The current phase of the project was denoted as the Advanced Exploration and Evaluation Study (AE&E) and was estimated to require three years in order to complete. The overall time-line for the Fort á la Corne Project is considered to be aggressive, being driven by the need to favourably position the commencement of mining operations in relation to the long term rough diamond supply and demand predictions. A 2005 budget of CDN$25.6M applies to the period from 22 February 2005 to 15 December 2005.
Results from the historical programs have shown that the Fort à la Corne kimberlites contain higher-grade zones. As such, it is possible that higher-grade units from a number of kimberlites, when considered collectively, may form a resource which can be profitably mined. At present, some 35 million carats distributed over 369 million tonnes and three different kimberlites have been identified at a deposit level of confidence. The project strategy has now been revised to focus on the higher-grade units within proximally-located priority kimberlite bodies and to consider them in combination. This approach has the advantage of considerably increasing the size of the potential resource and may permit significant economy of scale to be achieved for a large scale mining operation.
