RE:Is Dec 2013 model too conservative?I spoke too soon. Found the explanation for the underestimation of gold content in the bulk sample area (pg 132) so it looks like it is not the whole resource model that is underestimated, just the north-south oriented structures such as cleo.
"The December 2013 Mineral Resource estimate provides a reasonable
prediction of the local scale (drifts and crosscuts) for the dominant east-west component of
the stockwork mineralization, but underestimates the total contained metal ounces in the
overall bulk sample area. The underestimation is considered to be a function of an
orientation bias in the drilling, whereby the north-south drilling has not representatively
sampled the high grade north-south trending gold mineralization in the 426615E crosscut.
This has prevented the generation of a locally accurate estimate in this part of the bulk
sample area. Snowden and Pretivm consider the improved local accuracy of the December
2013 Mineral Resource estimate with regards to the dominant east-west mineralization as
taking precedence over the local underestimation of the rarer north-south component to the
mineralization. As a result, the December 2013 Mineral Resource estimate is considered to
be a conservative estimate of the contained metal in the VOK deposit. Improved local
resolution on the north-south components to the mineralized stockwork will be realized
through variably oriented grade control drilling."