(2) The gold grades are uncut and the intercept reported drill core intercept widths do not necessarily reflect the true width of the mineralization encountered.

I believe the above is what you guys are referring to.

A "cut assay" in the mining industry refers to the practice of "capping" very high values returned from the lab to an upper limit. "Capping" is common and recommended in gold assay results due to the sometimes erratic distribution of small grains of gold in a sample, referred to as the "nugget effect."

For example, you may have 10 samples from a drill core assaying in a range of 5-10 grams per tonne, and the 11th sample assaying 80 grams per tonne. Taking the one "spike" and averaging it out across the length of drill core represented by the 11 samples could create a misleadingly high average grade and create a false impression of the grade of the deposit.

This info is from:

http://www.quora.com/Mining-industry/In-mining-what-does-a-cut-assay-mean-or-uncut-assay-mean

SLI's reported drill results are "uncut" meaning they reported the highest grades found without averaging them down. True width of the intercepts may be longer or may be shorter. The true width is unknown.