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To: Char who wrote (3871)5/27/1999 12:15:00 PM
From: Tim Davies  Read Replies (1) | Respond to of 5143
 
thats true.. to state how much ore you have you must drill it up as per the directives.. ie it has to be in the proven catagry to say you have it, lol other wise some folks would say they had mountains of the stuff when in fact they haddt proven it..
tim



To: Char who wrote (3871)5/27/1999 1:25:00 PM
From: Claude Cormier  Read Replies (1) | Respond to of 5143
 
Char,

An orebody MUST include some reserves or it is not an orebody.

Saying that you have 5 tons of ore from which you can recover 5 ounces of gold is the same as saying you have a proven reserve of 5 tons grading 1.25 opt gold with a recovery rate of 80%.



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