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Mine Properties
DIAMONDS
Kimberlite Pipes Located in Wyoming
Sec 3215N 70W
6th Principle MeridianWyoming
Sec 3315N 70W
6th Principle MeridianWyoming
Sec 3415N 70W
6th Principle MeridianWyoming
Sec 2915N 70W
6th Principle MeridianWyoming
Sec 2815N 70W
6th Principle MeridianWyoming
Sec 2715N 70W
6th Principle MeridianWyoming
The Pipes
PI 8 carets per ton 60% industrial
P2 6 carets per ton45% industrial
P3 2 caretsPer ton(colored gem)
P4 15 caretsPer ton all industrial
P5 barren lamproite
Geophysical Model
Developed to 3500 ft depth and almost certainly extend further
Characteristics
• Surface is weathered depressions– Trenches only 6 ft deep– No indication how far down weathered cone
extends• Soil depth is 5 ft• Country rock is Gneiess
Land Holdings
StateHave an ExplorationPermit
Royalty 4% GrossRevenue plus$100/acre/year
Friendly RancherWill allow surfaceUse for 10% netProfit Royalty
Have staked claim
Rancher RancherAutistic ArtisansColony – HostileTo Mining
Friendly RancherWill lease surfaceFor $50/acre peryear
Your Tasks
• You have 5000 ft of drilling budgeted– Turn in what you want to drill
• Start your research into types and values of industrial and gem quality diamonds
• Start your research into– Weather– Water Supply– Population and Available Work Force– How you might process for diamonds and what those
processes cost• Be Prepared for a Monday or Tuesday Presentation
COAL
Your Area
Coal Project
Land of interest is 5 X 7.5 miles located 25 miles north east of Marion
Belief About Coal
• Top Seam will be Illinois #7 at a depth of about 100 ft.– Thickness may be 5 to 6 ft– Coal may be very soft – medium sulfur – about 10500
BTU/lb but low chlorine– Roof likely black shale– Underclay likely about 1.5 ft.
• Next seam likely Illinois #6 at around 300 ft– Thickness could be 5 to 8ft– High Sulfur and Chlorine – about 11,000 BTU/lb– Top may be massive limestone– Minimal underclay?
More Coal
• Illinois #5 Low Sulfur Where Covered by Dykersburgh Shale– Minable Thickness– Likely to have significant underclay– May have limited innerburden to #6
• Illinois #2 Potential Metallurgical Grade– Likely Sandstone floor
Geologic Risks
• There May be Dikes in the Area• There May be Waterbearing Washout Stream
Channels• A Fault is believed to be present in the area
Your Tasks
• Your Company needs enough reserves for 3 million clean tons per year for 30 to 40 years– You need to determine if they can get it here
• Geophysical Surveys will try to spot major dikes and possibly the faults
• You need to locate 20 drill holes you will use to define your reserves– You may be able to negotiate drill holes to later to
check fault displacements or trace stream channels
Tasks for the Week
• Look at the Boom and Bust prices for steam coal– What kind of premium do you get for low chlorine
or low sulfur?• Look for Boom and Bust Prices for Met Coal• Identify local markets and how you could most
economically ship coal to them• Identify how you would get coal to
international markets
Your Upcoming Monday or Tuesday Presentation
• Initial Estimates of Coal Reserves in Area• Coal Prices• Transportation Routes to Market and
Associated Costs• Likely yields on washed coal• Illinois Basin Insitu Stress Fields• Models and equations you might use to size
coal pillars or determine stable roof spans
COPPER/GOLD PORPHYRY
Your Location
You Will Be On Mining Claims in a National Forest
Target Area
Next Weeks Tasks for Presentation
• You will be given drill data from which you will develop a block model and draft reserves
• Research the Price ups and Downs of Copper, Silver, and Gold
• Research the weather, water, and workforce in the area• Your ore is both oxide, sulfide and mixed and contains
copper with traces of Gold and Silver.– How can you process that?– Building your own smelter and refinery can be very costly – are
there existing smelters and refineries you could ship concentrate to
How would you get it there?