NW Tech Capital, Inc. (NWTT)

[Dragonwing]

A feasability study is not necessary

More specifically an economic analysis is prohibited at this phase.

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I think you misunderstood my last post regarding the 1.4 million oz. I'll try again.

FL: it is a criminal act in canada for minimar to state that there is 1.4 million ozs of gold reserves on that property.

DW: Please show me where they said that. They never did.

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I think your focusing on item 25 with an incorrect understanding of the definitions.

Item 25: Additional Requirements for Technical Reports on Development Properties and Production Properties


NATIONAL INSTRUMENT 43-101
STANDARDS OF DISCLOSURE FOR MINERAL PROJECTS
PART 1 DEFINITIONS AND INTERPRETATION

"development property" means a property that is being prepared for mineral production and for which economic viability has been demonstrated by a feasibility study;

"early stage exploration property" means a property that has
(a) no current mineral resources or mineral reserves defined; and
(b) no drilling or trenching proposed;
in a technical report being filed in a local jurisdiction;

"exploration information" means geological, geophysical, geochemical, sampling, drilling, trenching, analytical testing, assaying, mineralogical, metallurgical and other similar information concerning a particular property that is derived from activities undertaken to locate, investigate, define or delineate a mineral prospect or mineral deposit;

"feasibility study" means a comprehensive study of a mineral deposit in which all geological, engineering, legal, operating, economic, social, environmental and other relevant factors are considered in sufficient detail that it could reasonably serve as the basis for a final decision by a financial institution to finance the development of the deposit for mineral production;

"preliminary assessment" means a study that includes an economic analysis of the potential viability of mineral resources taken at an early stage of the project prior to the completion of a preliminary feasibility study;

"preliminary feasibility study" and "pre-feasibility study" each mean a comprehensive study of the viability of a mineral project that has advanced to a stage where the mining method, in the case of underground mining, or the pit configuration, in the case of an open pit, has been established and an effective method of mineral processing has been determined, and includes a financial analysis based on reasonable assumptions of technical, engineering, legal, operating, economic, social, and environmental factors and the evaluation of other relevant factors which are sufficient for a qualified person, acting reasonably, to determine if all or part of the mineral resource may be classified as a mineral reserve;

http://www.osc.gov.on.ca/en/SecuritiesLaw_rule_20051223_43-101_mineral-projects.jsp


Property
The property is strategically placed within an area with well-documented, historic and present, gold manifestation. The previous property explorations proved the presence of gold on the property and the company continues the exploration phase.

http://www.nwtechcapital.com/canada.php

SUMMARY OF CHANGES NI 43-101

Part 1 Definitions and Interpretation
• We changed the proposed term “grassroots exploration property” to “early stage exploration property”. We also broadened the meaning of this term to include a property that has “no current mineral resources or mineral reserves defined, and no drilling or trenching proposed” in a technical report being filed. The effect of this change is that an exploration property that has had historical work done on it may be included in the definition of early stage exploration property.

http://www.osc.gov.on.ca/documents/en/Securities-Category4/csa_20051007_43-101_replace-sdmp.pdf