After looking at the news, this work program is a positive. It has taken longer than we thought but we are going in the right direction. The JV will update the Schaft Creek resource model after 3 years of data collection (this involves geotechnical, geo-met, core re-logging, structure zoning, etc). With all this information being incorporated from previous work plans this seems to be the nearing a final product in relation to the structure of the deposit. The JV plans to put everything from previous work programs together to form a new entity, culminating all efforts. This is basically the resource estimate as this will lead to a new resource block model. This new block model should upgrade the inferred resources and expand the pit to the east which improves the economics of the project. Once they update the resource model which is reviewing the precious metal content (as stated in the news), we get an updated resource estimate.

Resource Model

This aspect of the 2016 work program includes incorporating the work completed in 2014 and 2015 to update the resource model for the Schaft Creek deposit. This phase of the program will emphasize getting a better understanding of the precious metals content of the deposit.