George, good to hear from you. MRDI, along with the Joint Management Committee, designed the delineation program. From the March 9/99 issue: "...The delineation drilling, utilizing all three drills, is moving from west to east on 200 m centers. This drilling pattern will allow WSP to collect enough material to model a yearly processing rate to within 15%..."
Once the CF results are received, localized size class distribution studies can be compared to the pit area. This, in turn, can eventually be used to see if in-fill drilling is required. The localized studies can also be used to fine-tune cash flow studies from grid to grid.
Also from the March 9/99 issue:
"...In order to secure future mine financing, WSP may decide to take a bulk sample down dip starting November. This will require consultations with native groups, possible construction of a gravel air strip and purchase of a small (10 tonnes per hour?), on site, bulk sample processing facility. A decision of this nature cannot be made in June. It will most likely be made over the next two to three weeks..."
For others:
I do not agree with some who have labelled ABZ as "Indian Goods". I consider ABZ undervalued.
From the March 19/99 issue regarding the dispute:
"...The decision will eventually be based on the past procedure followed by both firms in accepting an exploration program and paying for it. If a pattern has been established that Aber did not break during the 1999 program, than Aber may win back its 16%..." However, Aber is asking the court to ignore the letter of the agreement and make a decision based on the spirit of the agreement. This can set a dangerous precedence for the mining industry. No one knows the details of this dispute. My only hope is that it is resolved out of court. If not, Aber may make a Statement of Claim as early as next week.
Sincerely,
Sudhir Khanna, P.Eng.
Editor, The RESOURCE INDICATOR
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