thought this part of a previous post should be repeated...
This is a standard set for quantification of Commodity assets.There are specific rules and regulations for reporting the findings. 1.The INDEPENDENT GEOLOGISTS who wrote the 43-101 did so with the understanding it WOULD BE SUBMITTED.They signed it, put their reputations on the line, and vouched for its accuracy. 2.The CHAIN OF CUSTODY and other guidelines were scrupulously followed. 3.There is nothing to suggest there is anything amiss in this report. 4.The reason the Geologists were unable to make a judgment about reserves is because NOT ENOUGH DRILLING WAS DONE. 5 Only about 5 acres out of 37000 was covered.
In this report the geologists wrote "La Sabila is an EARLY EXPLORATION PROJECT THAT SHOWS PROMISING GOLD/SILVER/COPPER ASSAYS". They are telling us that while under 43-101 guidelines they cannot quantify Mineralization,they are CONFIDENT ABOUT THIS MINE. Both I and another poster had people we trust speak with these Geologists. They opined 3 to 5 Billion. This was based on observation and extrapolation but was for a very small portion of the mine. Those are facts not make believe.
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