RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE The Barry geology has some high grade veins, but for it to qualify as an open pit, these veins have to be included with non gold grading rock, hence the low average NI 43-101. Old timers on the board may recall that there was a considerable delay in producing the NI 43-101, since there was a difference of opinion between SGS and Andre Tremblay of Metanor. At about this time RP was on record that they were to use Corebox 3D modelling services. However, some time later, I had communications with Corebox CEO and they had not been instructed by Metanor. This could be reactivated when resources are directed to Barry exploration and if so, this would give a visual illustration of the location of gold resources.
My 2010 comments are below:-
Corebox 3D models have some very useful features for investors, when viewing the progression of drill campaigns, in particular:
- Corebox 3D models show how a deposit's intercepts line up with each other (or don't). Using the 3D model, it's easy to see how new results relate to previous intercepts, and the significance of each hole becomes apparent. To make it easy to identify the most recently reported intercepts, new intercepts are shown in blue and the previously reported intercepts are shown in orange.
- Most advanced projects have a block model resource estimate compiled. This tool illustrates block model data in section. By changing the cutoff control at the bottom of the window, investors can determine the locations of the blocks above a selected cut-off grade. Blocks remaining together (and, in the case of open pits near surface) are a promising feature. Conversely, where blocks above cut-off are separated by lower grade blocks more caution is required.
The drill features of many mining companies are illustrated in 3D on the Corebox site.
Therefore, I was very interested to hear the following comments from Metanor director Ron Perry’s, when interviewed by Jay Taylor in April 2010:-
Excerpt from the Jay Taylor Gold Newsletter 4-9-10 :
Extract from Interview of Metanor’s Ron Perry by Jay Taylor
Ron: I will go right into it, Jay. At Barry right now, the key thing that’s pending now is an updated NI 43-101 resource report. We expect news, the final numbers, before the end, in a month, which we will make public.
Don’t hold me to the date—but there is also a geological program called the Core Box here in Vald’Or, at which event we will display the geological model for the Barry Deposit as well. One of our major shareholders is a geologist and representing a fund and wants us to do that. So we will show the deposit to the world, because we think the potential here is still great. So the updated 43- 101 numbers are not yet in, but that is something that's eminent. We expect to have them by the end of this month. I think, for your readers, listeners, and our investors, it's a key thing. I think it could be a turning point for the stock.
However, when I emailed Corebox to find out when Metonor’s Barry deposit would be displayed, I received the following reply:-
Corebox email -
Thanks for your email. Metanor is not a Corebox client at present and
we haven't received any drill results from there Barry project.
Please let me know if you have any further questions,
Jonathan
Jonathan Longe | Corebox.net
300 - 1055 West Hastings St. | Vancouver BC V6E 2E9 | CANADA
P: 604-879-9776 | F: 604-628-5246 | E: jlonge@corebox.net
https://www.corebox.net
Ron Perry’s forecast of the timing of the 43-101 was way off the mark and therefore it is still possible that Corebox may yet receive Barry Drill results from Metanor, in order to incorporate them in a 3D model for investors, then, as RP said “….. So we will show the deposit to the world, because we think the potential here is still great….”.
It will then be far easier for investors to review the effect of every drill hole added in the present 25,000m drill campaign if this model were to be available.
MESSAGE TO RON PERRY: Please deliver as promised.