RE:RE:RE:RE:RE:RetractionSmall quibble on calling prior disclosure misleading.
Mining companies were permitted to make estimates of resources with less data in hand before National instrument 43-101 set out stricter rules that set out increased minimum drilling data and spacing to extrapolate and average rock contents between drill holes. Obviously any amount of drilling Is always going to render estimates misleadingly positive or negative because until you mine it, you don’t know with 100% certainty what lays between drill holes. Also equally obvious if you have similar stratigraphy and grades in two adjacent holes it is highly likely and almost certain you can project the average of the two holes to fill in the gap between them, or extend veins of ore that appear in multiple holes.
So the historical estimates aren’t necessarily misleading, they might be bang on, but they were not created with the required level of data and scientific certainty to permit them to be communicated to them public in the form stated. Heck, we all start creating assumptions about ore grades and tonnages as soon as there are a few drill holes and cross-sections even if the company isn’t permitted to make and publish those calculations.
Anyway, not relevant to Del Norte.
And true to word yesterday I did nibble some more this AM. It was that or GameStop (I jest, that is going to end in tears for some young idealists).
cg