Nov. 5, 2012 - C2C Exploration was delighted by the discovery of the shaft. It is believed to have been drilled by the previous owner and is nearly complete. It appears that the shaft may have been part of exploration work carried out by artisan miners....
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Nov. 5, 2012 - C2C Exploration was delighted by the discovery of the shaft. It is believed to have been drilled by the previous owner and is nearly complete. It appears that the shaft may have been part of exploration work carried out by artisan miners. Because of the manner in which artisan miners operate, it is possible that this shaft could have been the result of two years work.
The shaft had been well covered and its discovery will have saved over a month of labor costs involved with creating a new one from scratch. C2C Exploration has indicated that some work is required to widen the shaft and implement a pulley system and that this should be completed by next week.
Mining engineers built a ladder and extracted samples of the ore from the bottom levels and had it processed. The results show the grade per ton to be greater than 23. This is more than 3 times the grade of ore that has been extracted from the superficial level which was used as the basis for income projections.
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