Great Bear Resources Ltd. GTBAF

Why can't inferred resources be calculated instantaineously?

[Tminus1blkswan]

I'm an engineer but not of the geo-tech kind.  Can anyone explain to me what prevents an inferred resources calculation to be run as drilling results come back from the lab?  With all the computing power we have these days, I would have thought this could happen almost instantaneously.

Thanks.

[Goaweigh]

Nothing, but at this point we don't have enough data yet and even if we did Chris is avoiding putting out a resourse estimate so as to avoid creating the impression that the deposit will be only so big ! As he's said numerous times, you can't define a resourse until you've found the edges first and we haven't even come close to finding the edges yet. You better believe that

[aranicer]

This post has been removed in accordance with Community Policy

[SuneeDaze]

They could, as long as they don’t release results to public.  Any resource calculation (formal) needs to be NI-43-101 compliant.

[fredo1]

Inferred resource must be estimated based on 50 meter center or less drill holes. So, how many holes does GBR have to drill to fully delineate an inferred resource?  200? 400? more? Depends on the areal extent of the deposit right? Also depends on the continuity of the minerization right? Not so simple.

[Chad005]

That’s why I got excited about the last drill results. I think most people freaked out when McEwen Mining sold off 1 million shares and the share price pulled back.  The last drill results were showing continuity of mineralization.  The strike length of the LP fault is HUGE...  We aren’t close to inferred resource estimates yet, but break out a calculator and try even low ball

[Tminus1blkswan]

I'm assuming 50m is the max 43-101 allowed spacing, but nearly an adjustable parameter in the resource modeling software. Anyone know where I can get bootleg modeling software or spreadsheet?

[SuneeDaze]

T, You’d need to know the density of the ore/mineralized zones to calculate any resource.