Even though the Giant Mine produced about 8M oz. and the Con Mine about 5.5M oz, there was never a time ever at either mine when a resource of more than a 3M ounces could have been demonstrated.
In fact, for most ot the 1980's and 1990's they never had a 2 million ounce resource!
Diabullic,
Yes indeed, this startling information came from Dr. Webb yesterday and puts into perspective the similar strategy Tyhee is using today:
That is, the Giant and Con operations identified enough ounces to demonstrate economic viability, and later demonstrated they had potential to find more.
Webb said that prior to the NI 43-101 era, an "ultra-agressive" geologist might have called their potential a "resource". Tyhee, on the other hand, would not. In any event, Tyhee is now prohibited from doing so anyway.
Cheers,
Baires
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