GREY:OLEPF - Post by User
Post by
figtraderon Jul 22, 2011 3:47pm
300 Views
Post# 18863128
Sorry revised N43-101
Sorry revised N43-101A N43-101 is a technical report commissioned by the company by a qualified third party to calculate a mineral resource.
Google it on wikpedia for more information.
The idea here to use the drilling results and grades to calculate estimates of the total resource(s) on a given property whether they are measured and inferred. Measured resources are true resources (at given grade) and inferred means there is a likelihood of them being turned into measured, but there needs to be more infill drilling to determine they in fact will become measure.
When an updated report is issued, the resource calculation will depend on how much of the drilling is included within that report. I believe the current resource estimate is about 2.6 m measured and 325,000 inferred oz. Since then there has been a significant amount of increase in heap leap oz. potential that might be added. I have seen as high as 8.2 m oz as a possibilty (but not confident in that high).
Sorry for the delay....have been busy with other items.