Wellgreen Project Preliminary Economic Assessment ... - OTCIQ.com

26.0 RECOMMENDATIONS
26.1 G EOLOGY
The nature of the geological environment and the data collected to date by the
various operators (using an assortment of exploration tools), warrant additional
exploration expenditures to advance the Project. Two separate exploration programs
for the Project are proposed. The programs are independent and can be run
concurrently because the result of one program does not affect the work proposed in
the second program.
26.1.1 PHASE 1 – WELLGREEN EXPANSION
An aggressive program of diamond drilling, geophysics, and re-sampling is proposed
for the Wellgreen deposit in order to expand the quantity of the mineral inventory.
The program would entail drilling 24 NQ diamond drillholes on 12 two hundred-metre
spaced fences, with each fence having one or two drillholes to cross the stratigraphy.
This would make it possible to extend the strike of the Wellgreen deposit by an
additional 2,400 m, and to test the hanging wall environment.
It is recommended that the drilling program sample surface drill core in areas where
the holes have been passed through the hanging wall PGE target. It is also
recommended that the program be continued to re-assay pulps from the Coronation
Minerals and Northern Platinum drilling campaign for rhodium, ruthenium, iridium,
rhenium, and osmium. The results should be added to the drillhole database.
A preliminary metallurgical test should be conducted on the material that best
represents the potential minable resource. This will indicate if the Wellgreen
mineralogy is amenable to separation and recovery using traditional methods.
Tables 20.1 summarizes the estimated budget for the recommended drill program for
the 2012 spring and summer seasons.
Prophecy Platinum Corp. 26-1 1193460500-REP-R0001-02
Wellgreen Project Preliminary Economic Assessment,
Yukon, Canada