International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: C L who wrote (2720)	2/20/1997 2:16:00 AM
From: Eric Tai	of 35569

CL, If they drill one hole between each of the existing ones, they are drilling in 50m by 50m grid patterns. In that case, I think they can only move the resource to the probable reserves category (not proven reserves). In that case, they will only need a total of 21*21= 441 holes. So they will only need additional 320 new in-fill drill holes. I agree with you that the assaying will cost much more and also consumes much more time than the shallow drillings. I also think that for a full feasibility report, you need the proven reserves -- not just the probable reserves.

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