Optiro’s summary of the RSC Resource Reporting Intelligence for 1-7 May 2017

Here is this week’s summary of the RSC Resource Reporting Intelligence for 1-7 May 2017.

87 new technical reports were published – this is 8 less than last week:

• 13 were Mineral Resources reports
• 0 Maiden Resources
• 61 Exploration / Drilling – down by 5 from last week
• 0 Environmental reports for this week
• 39% of the reports used the JORC Code
• 59% used NI43-101
• 6 previously announced technical reports using NI43-101, were filed this week on SEDAR – 5 of these were Resource estimations and 1 was a PFS
• The corrected announcements were from:
• Serengeti Resources Inc – the PEA for their Kwanika project
• Redstone Resource Ltd – a Resource Estimation for their Tollu project

The project locations:

• 35 projects are located in North America – down 7 from last week
• 24 in Oceania – down 3
• 14 in Africa – up 2
• 7 in Europe – down 2
• 4 in Asia – up 3
• 9 in South America – down 2

The project commodities:

• 72 Gold – up 1 from last week
• 25 Silver
• 22 Copper – down 3
• 16 Zinc – down 1
• 14 Lead – up 2
• 7 Nickel – up 6
• 7 Cobalt – up 4
• 5 Tin – up 4
• 3 each for Iron and Lithium
• 2 each for Coal (down 2), Potash (up 2) and Uranium (down 2)
• 1 each for Indium (up 1), Molybdenum (down 1), Graphite (down 3) and Zircon (up 1)

Global number of Resource Estimations by Report Author since October 2014:

• Optiro ranks 5^th out of the 24 global consultancy groups, having authored 31 Resource Estimation reports since October 2014.

Global number of Reserve Estimations by Report Author since October 2014:

• Optiro ranks 14^th out of the 24 global consultancy group, having authored 6 Reserve Estimation reports since October 2014.

Top 3 most significant drill intersections of the week:

• Kirkland Lake Gold Ltd – mining – Fosterville in Australia: 16m @ 404g/t Au from 113.2m
• Osisko Mining Inc. – resource definition – Windfall Lake in Canada: 2.5m @ 936g/t Au from 616.5m
• Silver Standrad Resources Inc – mining – Seabee Gold Operation in Canada: 1.6m @ 1004.74g/t Au from 235.2m

Top 3 most significant drill intersections in May to date were also the top 3 most significant for the week:

• Kirkland Lake Gold Ltd – mining – Fosterville in Australia: 16m @ 404g/t Au from 113.2m
• Osisko Mining Inc. – resource definition – Windfall Lake in Canada: 2.5m @ 936g/t Au from 616.5m
• Silver Standard Resources Inc – mining – Seabee Gold Operation in Canada: 1.6m @ 1004.74g/t Au from 235.2m

The top 3 most significant drill intersections in 2017 to date:

• Kirkland Lake Gold Ltd, mining Fosterville in Australia 17 Jan 2017: 15.5m @ 1429g/t Ay from 345.55mm
• Cordoba Minerals Corp., resource definition San Matias in Colombia 23 Jan 2017; 00m @ 800.90g/t Au, 88.63g/t Ag, 3.65% Cu, 8.60% Zn from 112m
• Nevsun Resources Ltd., resource definition Timok in Serbia 27 Feb 2017: 256.3m @ 6.0% Cu, 3.79g/t Au from 438.8m

Here is the full RSC Resource Reporting Intelligence for 1-7 May 2017.