X hits on this document

298 views

0 shares

0 downloads

0 comments

116 / 124

19.0 RECOMMENDATIONS

19.1

RECOMMENDATIONS AND 2009 BUDGET

Following completion of the P&E 2009 Resource Estimate update for the Star Diamond Project, the Project moved from a capital intensive data gathering exercise (underground bulk sampling, core drilling and large diameter drilling) to lower cost, desk-top engineering studies and data analysis. Given the quality and size of the estimated resource for the Star Kimberlite and the pre- development stage of the project, P&E recommends that engineering and geotechnical studies currently underway be escalated and the formal prefeasibility study commenced in 2008 be completed. Upon completion, this study will be incorporated and form part of the feasibility study. Studies currently on-going include:

  • preliminary plant, pit and infrastructure design, as part of a prefeasibility study. This program commenced in the latter part of 2008. The program is estimated at $1.8 million;

  • detailed geotechnical investigations around the design pit perimeter, including 14 holes for approximately 3,250 metres of drilling, piezometer installations and analysis. This program commenced in the latter part of 2008. The program is estimated at $1.2 million;

  • detailed groundwater geophysics and modelling to complete the hydrogeology program started in 2007. The program is estimated at $200,000; and

  • baseline environmental studies, including, but not limited to, large animal surveys, riparian habitat surveys, heritage assessments, noise/dust monitoring, revegetation plots, rare plant assessments and acid-based accounting test work. The program is estimated at $2.1 million;

P&E estimates that a prefeasibility study, including the costs of those studies currently underway, as recommended, would have a proposed budget in the order of $2,000,000 and would require approximately 9 months to complete. As part of the prefeasibility study, P&E recommends that Shore continue with a thorough quantitative risk analysis.

P&E Mining Consultants Inc. NI 43-101 Technical Report No 159 Shore Gold Inc. - Star Diamond Project Resource Estimate Update

Page 101 of 109

Document info
Document views298
Page views298
Page last viewedWed Dec 07 22:22:23 UTC 2016
Pages124
Paragraphs4911
Words42686

Comments