Century Mining Corporation Message Board

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Gold/Mining/Energy : Century Mining Corporation

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To: John McCarthy who wrote (178)	8/4/2006 4:46:24 PM
From: HotnSpicy	Read Replies (1) of 545

You need to drill to get a 43-101 reserves report. You can get a 43-101 resource report without drilling. Big difference. The former proves up economically viable ore. The latter just gives an indication of the potential size of a ore body, but not if it is economically viable. (in other words, CMM could prove up a huge ore body with millions of ounces, but not be economically viable, and thus unable to have it 43-101 compliant reserves) Even with the stricter 43-101 rules, there are a lot of games that are played with new investors to the sector. Many don't appreciate the subtleties btw reserve and resource, proven and probable, measured and indicated and inferred. A nice site that has a good primer on mineral exploration and mining in layman's terms: amebc.ca

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