OTCQX:BGMZF - Post by User
Comment by
GoldExecuteon Nov 03, 2013 1:21am
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Post# 21871718
RE:RE:RE:HEY GOLD EXCUTE RE: TWIN DRILL HOLES
RE:RE:RE:HEY GOLD EXCUTE RE: TWIN DRILL HOLESBX,
agreed that snowden reports in the 43-101 that they requested 9 drill holes and that these were drilled. however, they only show the results from one hole on a graph. Yes, they state that the "results indicated a general agreement in the location of mineralized areas". however, a few paragraphs later they state that for a number of reasons "the direct assay value comparison between the drill holes is not an ideal methodology" and that "extreme differences in grade make meaningful comparison of pairwise statistics meaningless". so basically they can demonstrate that there is gold in the same general area of the drill hole, but they can't do any better than that. the actual results are not reported, and there is nothing at all to say that the results "match within 90%". If you look at the plot (figure 37) you can see that things do not match within 90%, which would suggest that each sample down hole would be virtually the same as the adjacent one in the other hole. instead, you can see a general correlation over the sampled interval. this is the result of the presence of extremely nuggety gold and other factors mentioned in the report. the report does state that the correlation is "adequate" to validate some of the old data, but can't do much better than that.
I am not an expert in HARD plots, but what I do get from the data provided is that trying to get a predictable model is very hard to achieve. This does not reflect on the report, it only reflect on the nature of the beast... The beast being Nuggety gold projects.