OTCQX:BGMZF - Post by User
Comment by
GoldExecuteon Jun 19, 2013 12:40pm
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Post# 21542872
RE: RE: RE: The missing high grade benches
RE: RE: RE: The missing high grade benches Cobalt,
As taken from the press release:
Snowden found that, apart from a small portion of the mineralization that falls below the pit shells prepared, the majority of the resource block model reports from within the pit shell. The resource reporting below the pit shell is not considered a concern (and was not removed from the resource report) as the small portion is supported by high grade intersections that would be considered for possible future underground extraction (should the confidence in the estimates be improved).
It is a bit ambiguous and need to read complete report, but it should talk about a diff. cut off for that underground portion. Me wonders, did they include this so that they could get over the 1M oz number and also the total 5M? HMMMMM. I do need to see if they broke out the below pit cut-off.