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Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and Barkerville Mountain.


OTCQX:BGMZF - Post by User

Bullboard Posts
Comment by ovison Aug 17, 2012 12:01pm
232 Views
Post# 20229650

RE: OVIS

RE: OVIS

chillyballs, yes I believe that steveaux, with the data set he already used to produce those fine charts yesterday (or anyone else with an excel spreadsheet of the 2800 pages of 1 foot intercepts) could produce a very good estimate. The process you or steveaux would need to follow is outlined in the comments added to this seeking alpha article

https://seekingalpha.com/article/229349-rubicon-minerals-tipping-point

Specifically look at the comments and discussion between David Zurbuchen and S. E. Wells
S.E.Wells and David Zurbuchen came from opposite ends of the spectrum on Rubicon but through open and fair discussion were able to covert drill results into an estimate. Zurbuchen called the estimate the gram-meter model. The process starts out as

f we look at the F2 zone closely, we'll note that it has been defined so far on at least 1000 meters of strike and 1000 meters to depth in terms of a minimum "10 gram-meter" envelope with a 3 gram per tonne cutoff. You calculate gram-meters by multiplying the grade of a drill intercept by its width. The dimensions of this system suggest something really big but when you do the math we get 300,000 ounces of gold at the minimum threshold. Now clearly there are numerous high grade structures within this envelope that can grade above 1000 gram/meters but the job of someone trying to take a guess at the overall resource potential is to determine what portion of the total area consists of such high grade structures. The exercise is complicated by the stacked nature of the mineralization such that it doesn't represent a discrete vein.

It will take you a few hours to read through all of the discussion but in the end if you do that you'll end up with a credible estiamte that many would accept as fair and reasonable.

I haven't done that because of my GIGO issue. You know Garbage In Garbage Out. I have always held reservations about the integrity of what was typed into Dr Yin's Excel Spreadsheet of drill results which why I have suggested the audit table. If such and audit table existed and if BGM actually published the drill results database as an excel spreadsheet I would do the computation -- no way I am cutting and pasting 2800 pages. But steveaux appears to have that data so perhaps you could work with steveaux and see what number you pops out.

Bullboard Posts