Hello Frank
Something to compare future announcements to:
Canadian Institute of Mining, Metallurgy and Petroleum - Guidelines for the Reporting of Diamond Exploration Results
MONTREAL, Nov. 7 /CNW/ - Draft Guidelines have been recommended and made
public for comment (see address below) by the Diamond Exploration Reporting
Best Practices Committee established by the Canadian Institute of Mining,
Metallurgy and Petroleum (CIM). These guidelines are applicable to public
companies and their consultants reporting diamond exploration results.
In respect of these guidelines, Diamond Exploration Results are results
derived from the initial activities undertaken to investigate a diamond
bearing prospect or deposit, to generate tonnage, grade and value estimates
that cannot be classified as a Mineral Resource or Mineral Reserve. They do
not address the earlier stage reporting of geophysical, geochemical or
kimberlite indicator mineral results.
Public reports of Diamond Exploration Results relating to mineralization
not classified as Mineral Resource or Mineral Reserve must address the
confidence limits of the results and contain sufficient information to allow a
considered and balanced judgement of the significance of the results.
The objective of these guidelines is to assist public companies and
consultants in making appropriate disclosure of diamond exploration results by
reporting in a manner which is:
- Uniform within the diamond exploration industry;
- Consistent with reporting from other industry sectors.
- Comprehensive.
- Unambiguous.
The guidelines are not prescriptive. Materiality is the overriding
principle that determines the information that should be disclosed. However,
where a company or consultant deviates from the guidelines, the disclosure or
technical report should state the extent to which the guidelines have not been
followed, and the reasons for the deviation.
The guidelines do not in any way replace jurisdictional reporting
requirements ("For example, the requirement for Canadian reporting issuers to
comply with Canadian Securities Administrators National Instrument 43-101 by
having technical disclosure endorsed by a Qualified Person as defined in that
legislation").
To see full details with tables providing specific guidance details,
please refer to CIM Website at cim.org
Comments should be addressed, by November 30, 2002, to: R.A. Gannicott,
President and C.E.O., Aber Diamond Corporation - Tel.: (416) 362-2237,
e-mail rgannicott@aber.ca .
-30-
For further information:
1000
R.A. Gannicott, President and C.E.O., Aber
Diamond Corporation - Tel.: (416) 362-2237, e-mail rgannicott@aber.ca
Regards
Vaughn |
