RE:RE:RE:RE:RE:NewsIf a drill program does not increase the known mineral reserves / resources, then in my opinion it has not produced meaningful results.
The results of a successful drill program are usually communicated in the following manner:
"Mine Co. is pleased to report that its recent drill exploration program has increased mineral reserves by 50% and indicated / inferred reserved by 100%"
Increasing reserves/resources is important because it indicates that they can be mined and processed economically, based on the planned mining and processing plan. So it takes into account how valuable the mineralization and what the price to extract will be.
Unfortunate results, was expecting something more positive.