Post by
nozzpack on Jul 02, 2024 12:42pm
50 m by 50 m Grid Spacing = Indicated 43-101 category
FDP is being drilled on a 50 m by 50 m grid spacing .
If you check with drill density spacings of the various 43-101 Resource categories, you will find that such a grid block size equates to an Indicated 44-101 Resource category.
The Inferred 43-101 category is 100 m by 100 m grid spacing .
Note that infill drilling has recently been done at Butia whose 43-101 Resource is entirely Inferred.
It would appear that the upgraded Resource for Butia will not only be greater but at a higher rated category of Inducated.
It appears that FDP will be entirely Indicated,
These higher confidence categories will increase the value of the Resources and that of the upcoming PEA
Comment by
nozzpack on Jul 03, 2024 12:29pm
My apologies for that mis quote. I recall I researched the original owner and may havd misinterpreted what I read.