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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (1654)	4/2/1998 1:29:00 AM
From: CIMA	Read Replies (3) \| Respond to of 34075

In trying to make more sense out of Guy's post I came up with the following for discussion: Five categories for resource calculations: 1) Proven - tightly spaced sampling, it's there. 2) Probable - less tightly spaced, but tight enough to say it's there. Proven and probable are lumped together when reporting a reserve. 3) Measured - it's there in the sampled spots but the distance between them doesn't ensure continuity. 4) Indicated - GE has stated 60M+ ozs in this category taken from some samples, very widely spaced, and previous geological data. 5) Inferred - GE has stated 111M+ ozs in this lowest category. No samples needed to establish this figure and is mainly arrived at through previous geological data. Guy said in his post that there would be both proven and probable which is a beyond-any-doubt resource. He added that indicated would be moved to measured and inferred to indicated. The question remains whether the previous indicated and inferred numbers came from the shaft or the open pit area or some other site. Of more immediate relevance is the number, hopefully proven, involving the open pit area. Also, what is the cut-off number used in the fine gold recovery and how does it impact the proven number? I'm no geologist and I'm expressing the terms in very simple layman terms. Perhaps others could expand on this theme and make more sense of it.