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Re: downsideup post# 162

Tuesday, 09/07/2010 2:42:51 PM

Tuesday, September 07, 2010 2:42:51 PM

Post# of 504
The estimates I highlighted in green are the INDICATED ones, that is, much more accurate than INFERRED but without the extra sampling and geologist validation of MEASURED resources.

From http://en.wikipedia.org/wiki/Mineral_resource_classification:

Indicated resources are simply economic mineral occurrences that have been sampled (from locations such as outcrops, trenches, pits and drillholes) to a point where an estimate has been made, at a reasonable level of confidence, of their contained metal, grade, tonnage, shape, densities, physical characteristics[3].

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