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Gold/Mining/Energy : Century Mining Corporation

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To: John McCarthy who wrote (167)	7/27/2006 3:46:00 AM
From: HotnSpicy	Read Replies (1) of 545

John, San Juan is planned to be 43-101 compliant this year. The Germans are updating their 2002 study to comply with Canadian standards. Almost all the data is there, they just need to massage it around to comply. They may be forced to drill a few confirmation holes near existing drill holes to show their original drill data matches the new data. GC is another kettle of fish. They will need to drill like crazy to prove up a potentially huge target like that to get a decent 43-101 report on it. Reserves are usually categorized by the amount (density, or spacing of drill holes) of the drill data. Proven has very high confidence levels due to extensive drilling data. Inferred may have a few holes that define a potential deposit, but not enough to provide confidence that all the material is economic. There is good news with Santa Clarita and Erika. CMM was able to buy 43-101 compliant documents on those two prospects from the major who was interested in San Juan (I think it was Teck Comminco). I don't have any idea of drill costs in Peru. I used to have a "rule of thumb cost" rolling around in my head, but I've plumb forgot.

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