TSXV:PEM.P - Post by User
Post by
WhiteFoxon Mar 05, 2011 4:22pm
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Post# 18238825
This time last year ...
This time last year ...At this time last year, in the days before PDAC, we were waiting for an updated NI43-101. News came on March 23 and told us that:
"Based on the internal revision, the deposit is estimated to contain an inferred resource with approximately 17,000 kilograms (549,000 ounces) of gold in 15 million tonnes at an average grade of 1.13 g/t at a cutoff grade of 0.50 g/t."
and
"Due to the rigorous requirements for resource definition the geologic potential is not reflected in the current estimate and additional drilling will be required to define additional mineral resources."
and
"Upcoming exploration will target the Orogrande Shear Zone directly adjacent to the modeled inferred resource (on strike to north and south and down dip). The target may contain 15,000,000 to 25,000,000 tonnes of mineralized material grading from 0.7 to 1.2 gram/tonne. The target may contain from 337,000 to 964,000 ounces if intercepted by future exploration."
With Phase 3 now complete, with every published result indicating mineralization, I am confident the upcoming NI43-101 will indeed reflect the geologic potential of the area.