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Re: Peggy post# 45944

Sunday, 02/05/2012 1:00:54 PM

Sunday, February 05, 2012 1:00:54 PM

Post# of 65657
Do you understand what the 43-101 standard is?

Analyzing extensive drilled core samples is a key element in preparing the 43-101. If they still aren't drilling, we will not be seeing a 43-101 any time soon.



43-101 is simply a standard for reporting any type of information. It is not a fill in the blanks type of report. It applies not just to drilling results and resource calculations, but to other types of information such as historical information and results (which have to be designated as such and can't be used in resource calculations unless confirmed by new drilling), geological analyses, etc. A 43-101 does not have to include recent drilling results or a resource calculation. SFMI is preparing a 43-101 that will include everything known about WEM as of now, including any results of their ongoing geological studies and exploration plans, and that 43-101 will be updated as new information such as drilling results and resource calculations becomes available.

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