In terms of Press releases, the Andacollo is stated to have "drill indicated" reserves of somewhat over 6 million ounces. This is based on a study that was done before the property was acquired. Last fall, after performing some additional sampling, and, I assume, a review of the earlier study, the following was released:
"Howe concurs with the Chevron study, indicating 3,303,000 tons at 2.37g Au/ton from vein material plus 3,430,000 tons at 1.31g Au/ton from manto structures, which remain to be confirmed by further drilling. "
I don't specifically recall the term "indicated" being used elsewhere, though it might have been for Mina Claudia.
Geoff |
