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Silk Energy Ltd SLKEF

Silk Energy Limited is a Canada-based resource company. The Company acquires undervalued oil and gas assets in Kazakhstan. The Company, through its subsidiaries, owns a 50% interest in the KMG Ustyurt license (Ustyurt). The Company focuses on exploring and developing Ustyurt, an onshore oil and gas concession comprising approximately 6,500 square kilometers in the Caspian Sea region of the Republic of Kazakhstan.


GREY:SLKEF - Post by User

Bullboard Posts
Comment by whaleron Jan 06, 2010 10:43pm
414 Views
Post# 16647795

Think about things

Think about thingsSurething and others, it will be interesting to see exactly what it is that Micon has delivered to ISM?
We know we have an SGS Met study, what exactly did we get from Micon. Being as how I cannot read the filings at Sedar yet, I can't say where we are wrt Micon reporting.

Also think about this, the guy everyone trashed as being an "CGA" and not a 43-101 compliant Geo gave us his report back in 2007. Today his report is being looked at as the gold standard to which many are comparing Micons numbers today. Today Darcel is the report to compare against and complain about being "short of"..go figure

How would the boards be reacting had the Darcel report not been out there to compare to?

Anyhow.........Without seeing what is filed at Sedar, I am not sure what we have been delivered yet.

Micon International Commissioned for NI 43-101 Report

TORONTO, ONTARIO--(Marketwire - May 16, 2008) - Inspiration Mining Corp. (the "Corporation") (TSX:ISM)(FRANKFURT:OI8) is pleased to announce it has commissioned Micon International of Toronto, Ontario, Canada to prepare a mineral resource estimate, a preliminary economic assessment (commonly referred to as a scoping study) and technical report on its Langmuir property. It is anticipated that the project will be undertaken in the following phases:

Phase I - Mineral resource estimates for Langmuir No. 1 in preparation of a bulk sample and mineral resource estimates for Langmuir No. 2. The mineral resource estimate will include Trend Analysis, Cut-Off Grade Estimates, Compositing, Bulk Density Review, Block Model Construction and Validation, and Open Pit Optimization for Langmuir No. 2.

Phase II - Preliminary economic assessments examining the potential economic viability of each zone of mineralization. This assessment will contemplate excavation of the mineralization at the Langmuir No.1 deposit by means of underground mining methods, and the excavation of the mineralization at the Langmuir No. 2 deposit by means of open pit mining methods. The results of the mineral resource estimates and preliminary economic assessment will be compiled in compliance with National Instrument 43-101.

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