Re: News - Re-assays for chrome - Why re-assaying may be necessary! - "material"
posted on
Feb 26, 2009 09:08PM
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)
Cappy - You asked:
"Have any one of those 50 companies you refer to shown assays of 52 oz.Au/ton over 15 feet that would be considered "insignificant" or "not material"?"
My answer: No, they have not. And your point is . . . ?
The fact is that Noront DID report the 52+ oz/tonne of gold over 5 meters. Just because they've subsequently drilled other holes or dug ramps, etc., and have not come up with similar mineralization does not imply or prove that they are concealing assays that would be deemed of commercial value under TSX guidelines.
Locating and proving up commercialy viable ore-bodies is a tricky business, especially when you are talking about high-grade gold which is contained in veins that twist and turn in all kinds of directions over relatively short distances.