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Message: Re: 43-101

Oct 25, 2009 05:22PM

Oct 25, 2009 05:36PM
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Oct 26, 2009 04:32PM
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Oct 26, 2009 05:37PM

It has always been SMH's direction to make sure that to do a 43-101 resource calculation there was enough Gold to make it worth while. Why would you do a 43-101 on Kilbourne's work which is less then 1 million oz's.That would be a waste of about sixty thousand dollars. The Trado drilling is a way to trace and confirm where to drill with a big drill because you have about two metres of overburden that has nothing in it. Now the formation has been traced it can be drilled and then if successfull, which I am confident it will be, Then you bring in a third party firm to do the full 43-101. That is the best way because you don't want to pay to show a small ore body. The big boys won't even look at you untill your about two million oz's or better.

By the way the Trado is being used by a bunch of people. Guyana Goldfields used a small winkie out in front of the big drill to show the way. Very smart

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