Here is a summary of the RSC Resource Reporting Intelligence for the 3-9 September 2016: The following reports were published: 73 new technical reports 9 mineral resources 3 maiden resources 54 exploration / drilling reports 1 environmental report Optiro…
Each week we will post "30 seconds worth of useful information" on both our website and LinkedIn. We hope you find it useful!
This week's 30 seconds of info is about Reconciliation and stockpile volumes.
An overview of the RSC resource reporting intelligence for the 19-25 September: 78 new technical reports published; 12 mineral resources; 1 maiden resource; 57 exploration / drilling reports and 1 environmental report.
Overview of the Resource Reporting Intelligence for 12-18 Sept 2016: 78 new technical reports published; 9 mineral resources; 1 maiden resource; 61 exploration / drilling reports; 42% used JORC; 55% used NI43-101.
Gold Road Resources 2016 Annual Financial Statements. Tim Netscher, the Non-executive Chairman said in his Chairman's Report, "There is no doubt in my mind that in Gruyere, Gold Road has discovered a world-class gold project that bears all the hallmarks of success." The Gruyere and Attila Trend; regular external peer reviews were conducted by Optiro consultants, who also performed an independent database audit and provided an endorsement letter outlining their confidence in the mineral resource estimates. The Central Bore: reviews and independent estimation of the Mineral Resource were done by external consultants Optiro.
Mining data, by its very nature, is rarely collected in a regular pattern; it is human nature, and very good business sense, to take more samples in the higher-grade parts of orebodies. As a consequence of this data for resource evaluation is almost always clustered. While the most common method of grade estimation, ordinary kriging (OK), inherently declusters the input data through the point-to-point covariance matrix, other estimation methods, such as inverse distance modelling, do not decluster the data for the purposes of estimation, and this can sometimes lead to biased results.
An overview of the report: 76 new technical reports published 7 mineral resources 1 maiden resource 56 exploration / drilling reports 1 environmental report 33 projects located in North America 17 in Oceania 8 in Africa 8 in Europe 2…
A brief overview of the RSC Resource Reporting Intelligence report: 59 new technical reports published; 16 mineral resources; 36 exploration / drilling reports; 1 environmental report; 47% used JORC; 46% used NI43-101
An overview of RSC's 22-28 August 2016 Resource Reporting Intelligence report:
51 technical reports were published
10 mineral resources
1 maiden resource
34 exploration / drilling reports
