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Gold/Mining/Energy : BGM
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From: Rocket Red9/20/2014 1:12:24 PM
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In 2010, Peter George completed a NI 43-101 resource report on Rubicon Minerals. This report outlined a resource of 4 million ounces and a compliant geological potential of 13 to 16 million ounces. Much has been said about the BCSC’s rejection of these numbers. A ubsequent Preliminary Economic Assessment report, which was very conservative in determining the gold resource only reduced Mr. George’s resource estimate by 10% to 3.6 million ounces and did not address the geological potential. At the annual meeting in 2011, a Rubicon executive commenting on the PEA said “it pretty much validates Peter George’s original NI 43-101.”

. He submitted an NI 43-101 compliant geological potential estimate of between 9 and 13.3 million gold ounces on behalf of Gold Eagle

Gold Eagle was purchased by GoldCorp for $1.5 billion
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