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AGORACOM WIRE .... TUESDAY FEBRUARY 14TH

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Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT Read More  |  Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

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Message: 43-101 delay

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Re: 43-101 delay

in response to 43-101 delay by jefferam
posted on Jun 16, 09 06:05PM

HM covered this in his post on the weekend, I suggest you re-read it to understand the reason for the delay. To paraphrase, by National Instrument regulation, core samples used in the resource calculation can only include up to a 1 oz grade. Since we have multiple ozs in numerous cores, the measurement would under estimate the tonnage of ore. Enter the bulk sample results; with these numbers in hand, the calculation can be expanded to include the higher grades of the bulk sample and hence allow a 43101 with far greater ozs. This is the reason for the delay and you won't be waiting a year to see it.

Management promised three NR's before the AGM, perhaps Thursday we'll see some results from the bulk sample.

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