Re: Interested to know a bit more about how to estimate value
in response to
by
posted on
Sep 12, 2007 03:03PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Franz,
Just because holes 2 and 3 missed the zone does not mean that the zone does not continue past in that direction, it may mean that the holes were not drilled in the right direction. This is not uncommon in new areas with limited drilling and also where the zone has a complex geometry.
In time, as the deposit becomes known, these misses occur less often
Rockaur
( I would show you on a section but the last NR didn't give locations or dip / azimuths of the other holes so it would be a total guess. When the complete assays come out hopefully they will supply more info)