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

Table 26.2 Quill Creek Ultramafic Delineation Budget
Project Activity
Rate
(US$) Units
Cost
(US$)
East Zone Diamond drilling* TBD TBD TBD
Downhole geophysics TBD TBD TBD
High resolution topographic survey TBD TBD TBD
Re-assay old pulps for Rh, Ru, Ir, Os TBD TBD TBD
Indirect Costs Salaries TBD TBD TBD
Fuel TBD TBD TBD
Administration – Camp TBD TBD TBD
Consumable TBD TBD TBD
Total 6,372,000
Note: *Includes all drilling related charges, sample analysis, dozing, support.
26.1.3 OTHER RECOMMENDATIONS
Tetra Tech recommends that Prophecy Platinum compile the historic information in a
comprehensive drillhole and assay database and validate the historic collar locations
as far as possible through search and survey. The database should include, but not
necessarily be limited to, a program name for each drillhole record, drillhole start
date, completion date, logger, down-hole survey methods, collar survey comment, an
indication whether the collar has been validated, where the samples were assayed
and the method of analysis (including digestion method), if this can be determined.
Recommendations made for the QA/QC program include the following items:
• The company geologist should review the results of the field-inserted QA/QC
data and it is also good practice for the geologist to review the laboratoryinternal
QA/QC data.
• A selection of course rejects or pulps samples (up to 10%) should be sent to
a second laboratory.
• The insertion rate of one blank, one duplicate and one SRM should be
maintained for every 20 samples.
• The insertion location of the blank QA/QC sample should be moved away
from the SRM sample. The blank sample is currently placed immediately
after the SRM. Blank samples should be placed immediately after or within
suspected high grade intervals to monitor contamination within the
preparation facility.
In order to improve the potential economics of the project, additional assays should
be run for rhodium, ruthenium, rhenium, iridium and osmium. This would provide a
dataset of sufficient size and quality to complete co-kriging. It is recommended that
20 to 25% of the pulps or coarse rejects from the past drilling campaigns and all
future drilling campaigns be selected and that a PGE suite of analysis be run. The
Prophecy Platinum Corp. 26-3 1193460500-REP-R0001-02
Wellgreen Project Preliminary Economic Assessment,
Yukon, Canada