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Gold/Mining/Energy : CCB vs ZEN truth board -- Ignore unavailable to you. Want to Upgrade?

To: George69 who wrote (4972)	3/13/2016 5:21:18 PM
From: helo4	Read Replies (1) \| Respond to of 12350

The use of Inferred is certainly allowed in a PEA, not too sure if the intent was to allow a 100% PEA using inferred, yet here we are with one. It is very specific in the regulations the need for cautionary language in the PEA, and there is the requirement of additional cautionary language if the PEA uses 100% inferred. .....a PEA is a conceptual study of the potential viability of mineral resources. In this context, section 3.4(e) of NI 43-101 requires specific cautionary language indicating that the economic viability of the mineral resources has not been demonstrated. This cautionary language is in addition to the cautionary statement for inferred mineral resources required by section 2.3(3)(a). Any disclosure that implies the PEA has demonstrated economic or technical viability would be contrary to NI 43-101 and the definition of PEA. osc.gov.on.ca