dryhumper wrote: Blademaker, The NI 43-101 is a set of rules and guidelines that must be followed by reporting issuers when reporting on . Read that again. Focus on "rules and guidelines". No focus on guidelines.
Now that we have that cleared up we can agree that the very nature of the NI 43-101 leaves it open to some degree of interpretation and flexibility. The degree of flexibility that can be utilized by an issuer is dependant on whether or not the information is material.
Additionally, the guideline is only applicable to properties that are material in nature to the company. The Tesoro property is not material to the company, nor was it material to the company going into the drill results. In and of itself, the Tesoro property is and was of no value to SLI other than the hyped promotional value derived from shareholder speculating. Since the property was not material to the company the results do not fall under the scope of the NI 43-101.
Had the stock not been over promoted the results would have had very minimal impact on the share price. Technically speaking the result themselves were not material. Again, this means that they do not fall under the NI 43-101's scope.
It is rare for early stage exploration projects to ever report Azimuths. If St. Elias Mines broke laws then so have about 75% of the other listed venture companies. What all of those companies understand is that the primary factor in any disclosure is whether or not the information is material. All other guidelines are an after thought to that. This is why you are chirping on a stock board and Presidents and CEO's run companies.
Had St. Elias Mines been reporting on a resource or reserve the azimuths would have had to have been published because at that point they are material in nature because they contain information pertinent to the structure of the ore body and they can be important in determining the true width of the ore body and the true width of the sampled portion.
If you want more information on the subject I can send you a few links. You desperately need an education.