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Gold/Mining/Energy : MIRANDOR-MIQ ON MONTREAL -- Ignore unavailable to you. Want to Upgrade?

To: Bob Tate who wrote (1723)	2/26/1998 2:19:00 PM
From: Bob Tate	Read Replies (3) \| Respond to of 2635

Here is equvalent North American ORE RESERVES and RESOURCES evaluation . Ore Reserves are classified as Measured, Indicated and Inferred. The reserves are reviewed annually by the company's engineering and geological staff and are based upon individual evaluations of operating results, drilling, other engineering data and long-term metal price forecasts. The term "Measured" is limited to those reserves at a mine that can be projected from one or more exposed faces on the basis of actual operating results. Reserves are classified as "Indicated" where there is sufficient information about the deposit or a portion of it to form the basis of a mine production forecast. Reserves computed on the basis of more limited information but adequate geological data to form the basis of a preliminary mine production plan are classified as "Inferred". The term "Resource" is used for an estimate of mineralization of expected economic merit, but before complete geological, mine, metallurgical and cost data are available. The term "Probable" Resource is used when sufficient information is known about the geology, thickness, grade, continuity and extent of the deposit to permit defined grade and tonnage figures. "Possible" Resource is a projection of mineralization computed on the basis of limited drilling but with a reasonable understanding of the geology and the distribution and correlation of metal values.