RE:RE:43-101 / JORC Yeah his comment was a little out in left field.
NOte: This is NOT a 43-101. 43-101 require resources that can be extracted at a profit (reserves). The JORC has none of these considerations and THAT is the reason yuo cant release JORC's in Canada.
As nedxt big think noted, the .35% is just the cut off grade they used in the block model to get to the 17m tonnes of material; NOT an economic grade of any kind as they simply do not have this inforamtion yet.
I was a little surprised they only had 17m tonnes in the estimate; to be sure there is more material there but they did not include many holes in this JORC. It was even more surprising to me that the 17m tonnes included such a low cut off as .35%. This is telling me that the surface puddles depth/grade continuity is a little more inconsistent that the surface holes indicated.
Said another way ^^^, why do yuo drill one hole AND INTERSECT 40m depth 3.5% COPPER, but on the next step out hole 50 meters away you hit 1 meter at .3% copper? You use a block model across these two holes where yuo get an average grade, depth and this is how you eventually arrive at 17m tonnes at a cut off grade of .35%.
All this to say, this JORC was done to early to be of any practical use; and I highly doubt it iwll help AW1 raise money (reason for yesterday halt).