RE: RE: RE: RE: RE: N43-101sorry Carter, that's not entirely accurate.
from CIM definitions that were adopted by the 43-101.
The term Mineral Resource covers mineralization and natural material of intrinsic economic interest which has been identified and estimated through exploration and sampling and within which Mineral Reserves may subsequently be defined by the consideration and application of technical, economic, legal, environmental, socio-economic and governmental factors. The phrase ‘reasonable prospects for economic extraction’ implies a judgement by the Qualified Person in respect of the technical and economic factors likely to influence the prospect of economic extraction. A Mineral Resource is an inventory of mineralization that under realistically assumed and justifiable technical and economic conditions might become economically extractable. These assumptions must be presented explicitly in both public and technical reports.
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.
Inferred is the "loosest" definition for resource. It can not be used for economic evaluations.
With it being this loose, and if it is clearly noted or pointed out non 43-101 compliant assays can be used. It severly limits the value of the technical report and the conclusions that can be drawn from that report.
The spacing of the drill holes is dependent on the geology of the mineralization. 50 meters may be fine or it may be inadequate. 50 meters spacing on a high grade vein deposit is inadaquate. 50 meter spacing on a low grade large copper porphyry is great. Maybe Al Hariqah can get by with 25 meter spacing along section with section lines 50 meters apart. Again it all depends on how consistent the geology and mineralization is.