Post by
thewiseowl on Apr 18, 2002 11:12pm
Resources are NOT reserves
The NR quotes
Meadowbank Project Resources (MRDI Canada, 2001)
------------------------------------------------------------------------
Measured and Indicated 7,775,000 t grading 5.79 g/t 1,447,300 oz. gold
Inferred 10,937,000 t grading 4.44 g/t 1,561,200 oz. gold
Total 3,008,500 oz. gold
------------------------------------------------------------------------
Also
Cautionary Note: The preliminary assessment is preliminary in nature, includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary assessment will be realized. The production forecast used in the Preliminary Assessment includes approximately 5.9 million tones of Inferred Mineral Resource, or 41% of the total forecast.
This is early days yet, lots to do to prove up RESERVES rather than RESOURCES here
Owl
Comment by
delete14 on Apr 19, 2002 2:14am
https://www.goldmin.com/nrs/NR02-02.htm
Updated information that you might find of some interest.
"As a result of a 50% increase in estimated resources over pre-feasibility "
Comment by
thewiseowl on Apr 19, 2002 3:12pm
Those are still the same numbers and still in the same categories. No change at all. The 50% increase was before these numbers.
A good start but a long way to go to the finish line
Owl