RE: RE: RE: RE: RE: RE: Solution to Present Diffic easycoder, baseball & all
I recently mentioned that the Company gave shareholders a heads-up via "Forward Looking Statements", (which most are aware of and familiar with) - Telling us, bad things can happen - and my remarks were not well received. In spite of that, below you will find another substantial piece of info regarding Resource definitions, (note bold print info concerning Inferred Resources) - I say substantial info because, Inferred Resources can be everything,,,, or in some cases nothing.
CIM DEFINITION STANDARDS* - For Mineral Resources and Mineral Reserves
Prepared by the CIM Standing Committee on Reserve Definitions
Adopted by CIM Council on November 27, 2010
https://web.cim.org/UserFiles/File/CIM_DEFINITON_STANDARDS_Nov_2010.pdf
* The Canadian Securities Administrators (CSA) have always referenced the definitions and categories of Mineral Resources and Mineral Reserves used in NI 43-101 to CIM Definition Standards for Mineral Resources and Mineral Reserves.
Inferred Mineral Resource
An „Inferred Mineral Resource? is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes.
Due to the uncertainty that may be attached to Inferred Mineral Resources, it cannot be assumed that all or any part of an Inferred Mineral Resource will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration. Confidence in the estimate is insufficient to allow the meaningful application of technical and economic parameters or to enable an evaluation of economic viability worthy of public disclosure. Inferred Mineral Resources must be excluded from estimates forming the basis of feasibility or other economic studies.