Ann: Korbel Interim Gold Mineral Resource increases to 3.3Moz, page-131

Digging into the details a little more.

This is an interesting Ann. There is much more technical detail in this report than there was in the past. We are shown things like scales (FINALLY, thank you), QAQC standards, a lot more detail on the estimation methodology, experience of the various geologists involved, quite a bit more meaningful detail in the JORC table, and more.

There are a couple considered reactions I'd like to share:

1) all this detail has really stepped up the professionalism of this report compared to past ones, which i think is primarily intended to attract larger investors, specifically intuitions which specialize in mineral exploration. This is a huge step forward in reporting, from a technical geology standpoint.

2) The effort put into this estimation is quite a bit more than they needed, in my opinion. The quality of this work is higher than required for just an Inffered resource. Interestingly, they have comments in there for resource classification criteria and have this comment in relation to all 3.3 moz reported:

This i find interesting, as it is common to not be concerned with economics/extraction at the inferred level. They are clearly starting to think in advance to the upcoming resource upgrade into measured and indicated, and this may be hinting that thy think they will get a good conversion rate. This is further substantiated by Chris's comments:



3)
we have maintained our average grade through this resource increase (0.4g/t), which is a positive sign. Generally, this can be taken as a validation the geological interpretation and estimation methodologies.

4) the high grade zone in Block B and its trend is starting to become more clear, as is the fact that's its still open in both directions. They will be focusing on explore its extents in upcoming drilling. Still a lot of upside here!


5) Its interesting that they are highlighting the cut-offs used in FK and DG.... almost as if they are pointing out that their use of 0.18 is high. I wonder if they are considering lowering their cutoff? If they do, we could see a large increase in resource as a result...


6) As many others have pointed out here, there are a lot of drill holes not included in this estimation. Looking forward to the next already.....