China drills a 4006.17 meter deep small diameter hole, finds 200 tons of gold.
(media.greatawakening.win)
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What a BS story. The mine is 1.2 miles x 1.2 miles and 2.5 miles deep. I don't care how many front loading excavators China can manufacture, there is no way they can dig two miles deep and plop the spoils somewhere to be sifted for the gold. Think about it.....a two mile deep strip mine????? The Chinese are notorious for lying their butts off to save face, so I really doubt they can dig that deep, unless they are digging for BS.
Its comms of some sort.
Away from tectonic boundries the general rule is that temp rises 72 to 87 degrees F per mile. At 20m the temp is usually near the average mean temp of the atmosphere. So at a mile down the temp is somewhere near 130 F. Two miles down it would be over 200 degrees.
Well having "reserves" of anything -- gold, oil, coal, whatever -- only means that the raw material lies somewhere "down there." Economically, however, it's quite another thing to actually bring it to to surface. Known oil reserves in the US and Alaska are quite large, but at the moment, most of it is uneconomical to get to... it would cost more to drill for it and pump it than it would return in profits. Even if oil prices were double what they are now, most oil reserves will remain untapped because there would be no to little ROI (Return On Investment).
So yeah, China claiming it has "gold reserves" has no real economic meaning unless they can retrieve it.
And (as you know, I'm sure) the ECONOMIC inefficiency is only part of the problem -- the energy cost to harvest the oil is an even more important factor.
When it takes two barrels worth of energy to harvest one barrel of oil, there's not much point in continuing.
Its not unimaginable. Just go google earth and look at how massive the Grasberg mine is.
It’s like every other mining play, they have x amount of probable tonnes at the mine, but the production will be relative to what their capacity to produce is.
Per the article, they’re going to process 10,000 tonnes of ore per day, and each tonne has 4.36 grams, so they’ll produce about 43.6 kilograms of gold per day, or about 16,000 kilograms (16 tonnes) per year. At todays rate that’s over a billion dollars in gold per year… soon to be worth a lot more.
First off, believing the Chinese about anything is pure folly. Second, they cannot get those dump trucks and loader down the hole.
At this point I'm skeptical.
.17, eh?
Depth of 4000 meters. They've drilled area-wise 300,000 meters I think.
What? They drilled 4,000 m deep across a 300,000 sq/m area.
Small drill holes don't mean shit if you can get mining machines down there...
2.5 fuckin miles deep? Lol
Tonight they're gonna party like it's 1849.
What does saving the planet in China matter? It's not like they are on the same planet or anything. ;o)
Did they drill and end up in Fort Knox?
Oak island from underneath!
Anyone notice Charles Barkhouse wears mason stuff occasionally?
They're gatekeeping Oak Island and I don't think we're ever going to know what they really find there.
Oh yes he admitted it openly in one of the earlier seasons then started wearing gear later. I always view him as “the handler” of the whole thing.
I found this rather interesting.
From: https://www.econotimes.com/The-Curse-of-Oak-Island-Rumor-about-the-unreported-7th-death-and-theory-about-the-mysterious-island-1583361
Wow haven’t heard that yet, I wonder though why it says he disappeared and that he died on the island, if there’s no body why would they claim he died?
I remember reading about this way back, maybe not this exact article, but it said the same things.
He really was a production assistant on Oak Island for 5 episodes in 2014.
Accordin to this, he really did die. Haven't been able to find a cause of death.
Here's one of many reddit (sorry) articles discussing it.
It appears the (what I would call a) rumor, started with 'History Heretic', and all subsequent articles seem to be based on it. Don't know who this is and haven't looked into it.
As usual, take all with a grain of salt.
I still maintain, we will never know the full and real story behind Oak Island.
Sub sub sub basement of building 7.
Fort Knox currently has a whopping 0 Troy ounces of gold.
4.6+ gpt. That's a significant find.
In mining, extraction cost is what matters. With an open pit mine like this, you just shift the ore right beside the mine, crush the ore and dump in on a leach pad to extract the gold. It is as cheap as it gets....esp when your country doesnt have to deal with ESG bs western countries/companies have to.
Dr. Evil could do it, for 1 Gagillion Dollars…🤔
https://archive.is/dwv1v
We have way more.
Salt...
As in salted mine??
4.26 grams (0.15 ounces) per ton of ore. Which is about $312.
And that is only the gold-bearing ore. How much useless ore did they have to dig up to get to that?
The 4.26gpt figure is likely already averaged out together with the other "useless" ores. Which usually contain copper/silver/molybdenum byproducts that also helps with reduction of extraction costs
So the press release by the Chinese media is probably completely honest and telling you the facts, right?
Doesnt really matter if they lie or not.
If it is not economically feasible to mine those ores, it wouldnt benefit them one bit.
If they lie, they wont mine the gold up. If the gold is in the ground, it is worth absolutely nothing.
My point is just that this is not an amazing story about how China has all these great riches. 0.15 oz per ton of ore. Meh.
An open pit mine is profitable at 1gpt even with ESG laws in place.
So this 4.26gpt is not insignificant.
Typically to interprete drill holes, you take the intersect length multiplied by the grade of the intersect. Anything that returns a figure greater than 100 is a significant result.
That being said though, the reliability of results depend heqvily upon the reliability the data collected.
It might not be insignificant but it isn't the motherlode of a lifetime, is it?
And there is a lot of detail which is not mentioned which could make this a huge nothingburger, right?