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Aton Resources Inc V.AAN

Alternate Symbol(s):  ANLBF

Aton Resources Inc. is a Canada-based gold exploration and development company located in Egypt's Arabian-Nubian Shield. The Company is focused on its 100% owned Abu Marawat Concession (Abu Marawat), located in Egypt's Arabian-Nubian Shield, approximately 200 kilometers (km) north of Centamin's world-class Sukari gold mine. It has identified numerous gold and base metal exploration targets at Abu Marawat, including the Hamama deposit in the west, the Abu Marawat deposit in the northeast, and the Rodruin deposit in the south of the Concession. The Abu Marawat Deposit is a high-grade gold-copper vein deposit located 35 km to the northeast of Hamama. Two historic British gold mines are also located on the Concession at Semna and Sir Bakis. The Abu Marawat exploitation lease is approximately 57.66 square kilometers (km2) in size, covering the Hamama West and Rodruin mineral deposits. The Concession also includes an additional 255.0 km2 of exploration areas at Abu Marawat.


TSXV:AAN - Post by User

Bullboard Posts
Comment by James100on Oct 01, 2018 7:56pm
46 Views
Post# 28725700

RE:Question

RE:QuestionRefers to a "top-cut" in resource estimate methodology. 

For example https://www.mdpi.com/2075-163X/8/8/348

And mention here https://www.micon-international.com/minex/

A top-cut is a statistical procedure as follows. Establish distribution of grades over various assay results to find out where the "outliers" start. Looking for the level of grades where you start to get very sparse data at very large values, which greatly affect the calculation of an average. Median is okay, but blah blah blah statistics.

Top-cut means they took all the high-grade gold results and truncated them to a lower level. Then they re-calculated the average grade from that interval using the lower level instead of the actual intercepts.  They only adjust the high-grade stuff. 

Standard statistical procedure that is done widely in mining and beyond. Many exploration companies don't included top-cuts and I've certainly never seen any junior mention it in first drilling results for a new discovery.

Why did Aton include it here? That's an interesting question... Combination of conservative attitude and interest in providing enough information to allow a more sophisticated audience to be comfortable with analyzing results themselves?
Bullboard Posts