RE: RE: RE: RE: What goesI didn't take notes so most of what I heard has evaporated. Here's what I remember from the cc:
I wouldn't say the legitimacy of the report was questioned. Some folks were puzzled how the 43-101 results were derived. Particularly the grade increases, given that expansion drilling results did not report grades near what was reported in the 43-101. The explanation, to the best of my understanding, was that the significant increase in the size, and grade of resource, calculated in the 43-101 was due primarily to old cores that were never assayed by previous operators. Apparently there were two warehouses of cores that were drillied by previous operators and inherited for the curren management team to assay. This was the primary explanation for the increase in the resource size.
What was eye popping was the economic comparison of the current resource. It was estimated to be equivalent to roughly 40 to 50 million Oz of gold.
The accompanying presentation was invaluable in visually laying out the shape and lenght of the deposit in 3-d. Although massive at current estimates, the deposit is open for another 2km to the east. This is pretty incredible.
TB