Monday, September 03, 2012 3:32:23 PM
What do you make of one 1 largest main stream sites for Gold resources puts an estimated value on the land PCFG has the rights to at 500,000 OZ. See below...
And back to the topic of the 43-101 they did state not to long ago that:
Questions from Shareholders
Below Company Management has attempted to address some of the more popular questions from shareholders;
BRCM 43-101 - The Company's 43-101 was completed in 2010 however the report only covers a portion of the resources under claim and lease to the Company. The 43-101 report will not be made public so as to avoid confusion in the market. The Company plans to eventually prepare an updated 43-101 on the entire resource area controlled by the Company, however this action has been delayed pending the acquisition of the B&B claims and for financial reasons. Once the revised 43-101 report is completed, which the Company expects to not be until at least the middle of 2012, the Company will consider releasing a summary of the results of the report but not the entire report. Shareholders should note that the 43-101 is not a Securities Act related document and the Company is not required to prepare one. The report's main purpose is for internal planning and financing. The 43-101 generally places resources into three categories, Measured, Indicated and Inferred. The method of increasing a resources confidence level requires more testing and increased expense. In an alluvial operation, su ch as the BRCM, the expense associated with increasing from an Indicated to a Measured category is nearly the same as actually mining the deposit. Based on the costs involved, the Company is in favor of proving its resources to the Indicated category when possible.
And back to the topic of the 43-101 they did state not to long ago that:
Questions from Shareholders
Below Company Management has attempted to address some of the more popular questions from shareholders;
BRCM 43-101 - The Company's 43-101 was completed in 2010 however the report only covers a portion of the resources under claim and lease to the Company. The 43-101 report will not be made public so as to avoid confusion in the market. The Company plans to eventually prepare an updated 43-101 on the entire resource area controlled by the Company, however this action has been delayed pending the acquisition of the B&B claims and for financial reasons. Once the revised 43-101 report is completed, which the Company expects to not be until at least the middle of 2012, the Company will consider releasing a summary of the results of the report but not the entire report. Shareholders should note that the 43-101 is not a Securities Act related document and the Company is not required to prepare one. The report's main purpose is for internal planning and financing. The 43-101 generally places resources into three categories, Measured, Indicated and Inferred. The method of increasing a resources confidence level requires more testing and increased expense. In an alluvial operation, su ch as the BRCM, the expense associated with increasing from an Indicated to a Measured category is nearly the same as actually mining the deposit. Based on the costs involved, the Company is in favor of proving its resources to the Indicated category when possible.
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