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gharma

08/27/13 10:34 AM

#10956 RE: pastorboy #10955

Thx for clarification PB. There was so much running with the ball type speculation, and implication this was from the I told you so horse's mouth . . .
Did you notice that the new NI 43-101 again lowered the cutoff grade for the underground estimate (from 2.0 to 1.7 g/t - in itself if all holes remained the same would account for a 17.65% increase). The prior estimate at 1.7 totaled 1,152,868 oz all underground with majority inferred. However the big change I pick up on is that the modeling method was changed from inverse cubed interpolation to the much less conservative "Ordinary Kriging" but with offsetting impact from reduction of model composite blocking to 1.5m composites within a 5m long x 2.5m wide x 5m high block model. from 1m composites within a 10mlong x 5m wide x 5m high block model