Timmins & Beardmore - Northern Ontario

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Message: Hey tibber or anybody?

Re: Hey tibber or anybody?

posted on Oct 30, 2008 10:42AM

For what it's worth Rod, I've never seen a 43-101 come out anywhere close to when it was originally expected in the past 2 years. Doesn't mean it doesn't happen, just not with the companies i've been involved with. As far as I know, as in core labs, it's rarely a first in first out scenario and the bigger plays always get priority.

As for the 9 holes, I'm not sure where they were located but in general

- if they are outside the existing drilling grid they could be used to increase an inferred resource.

- if it was infill drilling, it could be used to improve the status of the resource from inferred to either measured or indicated.

but to answer your question, yes I believe they would be needed to have any effect on the resource count. I would guess that the consultants already have the results and are working on the RE.

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