That we have 100 million of near all inferred resources,does not help as much as reserves.We need our ounces confirmed as quality ounces.A fair and major question,"What extra infill drilling would be required to upgrade our inferred resource?"
I immediately admit,getting inferred resources first is best.If we had all as reserves,a much smaller figure would occur and disillusion.It is now time to be proving up more of the ounces as reserves,but we also have a lot more land to drill.
If we think back to late 2006,we had 7,000 metres of widely spaced metres drilled.Planned for 2007 was a further 50,000 metres costing about 10 million.So the overall planning was to have 57,000 metres completed.Of that,we now have 34,000 metres completed,or 60 % of the total.
Another 23,000 metres is a lot more drilling but PZG seems to be planning more,beside that figure.If the needed 23,000 was drilled at a similar success rate,we would have an inferred resource of about 160 million silver ounces.I say clearly,that is a lot.That is a big find.(Sure still inferred but easier to get cash to confirm reserves,than to merely initially find the mineralization.)
Now some assistance please team.Today,in my readings,I saw the planned driling PZG has in mind looking forward.It was a lot more than the 'known' 23,000 metres to complete the $10 million campaign.Please can someone post or us what drilling PZG is planning as I have failed to re find it.
Looking forward.150 inferred ounces,followed then then by 150 reserve ounces.That sounds like acceptable
AI
