Great post Hots. U can also see why Skaergaard is a lot easier to mine than most people give it credit for. U start at the outcrop and progress in gentle slope u can drive a truck thru visually observing the defined strata hosting the different concentrations of mineralization .... all defined in 35,000 DDH past drilling by Platinova originally then PGM ..... and for which a scoping study has been completed in 2013 .... and with price of contained metals skyrocketing since it was shelved in 2013. I want to see the spreadsheet and be told why it isn't being promoted right now as a near term goer !!! What a brilliant Gold Palladium Vanadium company it would make in the right global hands ..... and therein lies my concern of piracy ....... currently in the hands of a Chairman with other resources company interests mostly in the UK and a part time CEO thrust into a position he probably doesn't appreciate. Skaergaard needs a 20 mill separate float listed in Canada with a large project team to bring it to full DFS probably achievable in 2-3 years with PFS / reserve drilling / DFS activity. Greenland aint as hard as u may think and lotsa investment money is now headed that way as we are seeing with GGG and IBG. But we could at least bring it to DFS with our own new team so can deal from a position of strength toward a billion buck target cap return to shareholders. That's been my gripe ongoing .... and there would be plenty interested in such a massive Gold Palladium Vanadium resource across the narrow waters from Europe or even Canada you must think. By the way past work also suggested a higher grade source of the concentric mineralised rings possibly grading 4 g/t Gold. What a fantastic story for a global darling float for massive upside at the beginnings of a resources megacycle ahead of us ! And ALREADY with a JORC2012 and Canadian Stds PRELIMINARY resource of 6 mill ozs Gold+ 9 mill ozs Palladium to START WITH !!!. Whats IGV for Gold alone for that at what value is used these days, 50 bucks an oz ? In AUD thats about a buck fifty a share for starters .... enough to attract a 20 mill IPO ?
And further from a good mate in the biz, (thank you K) pulled out from a 2007 report when PGM fortuitously acquired Skaergaard :
From PGM's 2Q2007 report - check out the V average grades and cf ASX specs currently flying at 130 mill + mcs on inferior prospects ..... only on V :
Skaergaard Project, Greenland EL 2007/01, Platina Resources 100% Dr. Karen Hanghoj has accepted employment with the company as Project Manager commencing in November 2007. Dr. Hanghoj will supervise all activities associated with the Skaergaard project especially the 2008 drilling and ore resource estimation. GEUS, (the Geological Survey of Denmark and Greenland) was contracted during the quarter to investigate the vanadium, titanium and gallium contents of the host rock to the pgm and gold-rich mineralisation. Microscope studies by GEUS on thin sections of Skaergaard drill core confirmed the presence of these minerals in significant qualitative amounts and new additional metallurgical and extractive tests will be carried out on larger amounts of drill core later this year. The GEUS findings confirm that metallurgical testing should now proceed in order to ascertain expected recoveries of the anticipated V, Ti and Ga accessory minerals. Vanadium content in the titanomagnetite was found to vary from 1.11 to 1.22 weight percent vanadium pentoxide and from 81 to 117 ppm for gallium.
From GEUS in 2016:
http://www.geus.dk/UK/publications/themes_fact_sheets/geology_ore/Documents/go27.pdf
Skaergaard Intrusion
The Skaergaard Intrusion (Tract 18 – Fig.3A) in southern East Greenland was evaluated as the second highest prospective tract (Table 2). The 56 Ma old Skaergaard Intrusion is located at 68°N in the volcanic rifted margin along the coast of East Greenland. The intrusion was emplaced during the build-up of the regional flood basalts and the initial stages of continental rifting and seafloor spreading in the North Atlantic. The intrusion is modelled as a box-like magma chamber measuring c. 11 by 7.5 km in surface area, with an original stratigraphy of c. 3.8 km. The original volume was c. 300 km3.
Crystallisation from the margins of the intrusion resulted in three main formations (see Fig. 3C: (1) the Upper Border Series under the roof (UBS, c. 50 km3), (2) the Marginal Border Series along the walls (MBS, c. 50 km3), and (3) the Layered Series (LS, c. 200 km3 in original volume) accumulated up from the floor of the intrusion. The last rock unit to crystallise was the Sandwich Horizon at the interface between LS and UBS, c. 600 m below the roof. The intrusion is rotated c. 15° to the south and most of the stratigraphy is exposed due to erosion of the northern parts.
The magma solidified in concentric zones toward the centre of the intrusion. Phase layering and cryptic variation in liquidus minerals allow a subdivision of the intrusion. The cryptic variation in minerals is significant; olivine evolves from c. Fo70 to Fo1, and plagioclase from c. An70 to An10. The deepest gabbros in LS are not exposed and are referred to as the Hidden Zone (HZ). The exposed rocks of LS are divided in Lower Zone (LZ), Middle Zone (MZ), and Upper Zone (UZ) on basis of their liquidus mineral assemblages.
Drilling in the Skaergaard Intrusion (Fig.3B) has delineated a 1500 Mt, multi-element (platinum group elements, gold, silver, copper, titanium and vanadium) occurrence. The Ti-V mineralisation is found in two sections, one in the upper part of Lower Zone and lower half of Middle Zone, and the other in the PGE-Au horizons in the upper part of Middle Zone. The precious metal mineralisation has a low sulphide content (<0.05 vol.% bornite and chalcocite). The precious metal grains occur in sulphide droplets in liquidus minerals or groundmass or as free precious metal grains or droplets in the groundmass of the Ti-, V- and Fe-rich host rock. A 51 m profile across the precious metal deposit (cut off at 0.7 g/t PGE or Au) indicates average contents of 6.7% TiO2, 0.14% V2O5 and 15.5% Fe2O3 in the host rock of the precious metal accumulation (average PGE of c. 0.5 g/t). The lowest Pd level (Pd5) is the main source of PGE and within the drilled part of the intrusion it is estimated to contain 104 Mt with of 0.11 g/t Au, 1.91 g/t Pd and 0.16 g/t Pt with estimated 7.8% TiO2, 0.21% V2O5 and 21.7% Fe2O3.
The gabbros in the upper most parts of Lower Zone (LZ) and in the lower and middle parts of Middle Zone (MZ) are rich in FeTi-oxides. Magnetite and ilmenite in the LZ are very rich in V2O5 (up to 2.9 wt% V2O5 in titaniferous magnetite). FeTi-oxides are accumulated in layers and found in high concentrations in gabbros in the vicinity of zones of roof blocks. A bulk rock average of hand samples collected across a MZ section of several metres gives c. 34.5% Fe2O3, 17% TiO2, and 0.6% V2O5 (all wt. %). No estimates have been made for the extent and tonnage of such FeTioxide-rich gabbros.
Come on guys we have 7 mill cash in the kitty ......... use it to dress us up for a bigger Skaergaard spin-off for the serious bucks ahead and still play with the slow and steady evolution of Owendale Scandium/Cobalt.
We can have our cake and eat too ..... before someone else does at our expense.
Mosig should not have been wasting his time on Owendale after resource definition was completed. A business manager should have been appointed to take it to next stage. Mosig should have been kicking rocks at Skaergaard with much experience under his belt convincing our resources focused major shareholders Greenland is the priority with spin-off for shareholders max exposure.
Dont waste our time missing out on this mega wealth creation opportunity now staring us in the face.
Are our current captains even aware of the multi-element potential that simple mining at Skaergaard offers ?
Get it out of PGM and out of harms way with an IPO with minimum dilution to shareholders based on some good marketing of the known resource to date, the work done already and the HUGE upside in the resources supercycle about to launch after such a long downturn.
Top 3 shareholders have all the resources necessary to make this happen ..... Its Time says Gough !
OWEP
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