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as taken from the Annual Report, get use to it, the resource...

  1. 5,583 Posts.
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    as taken from the Annual Report, get use to it, the resource estimate is going to vary on a daily basis!!! - I guess it forgets to add that the resource estimate may also decrease with additional data. The latest estimate of the Hawkins Hill - Reward deposit I'm aware of is 701Kt at 10.1g/t.

    "Resource estimation
    The resource estimation process is a progressive exercise,
    which starts with a relatively low estimate of an inferred
    resource category, based on surface drilling results and
    moderate confidence in geology and grade continuity, which
    may then increase with additional data and confidence in the reliability of the estimates, with the inclusion of the measured and indicated categories.
    The current resource estimate for the Hawkins Hill Reward
    deposit of 658,100 tonnes at 10.6g/t gold is three times the previous one and there are many areas that are yet to be drilled, developed and included in the resource estimate.
    The Hawkins Hill Reward resource estimate is based on two
    main sources of data. The first is a block model calculated
    resource which is based on a cutoff grade of 2g/t gold over a minimum vein set width of 1.1 metres and an inverse distance squared gold grade influence.
    The block model has a 104% reconciliation against gold
    production to the end of June 2009 and the measured,
    indicated and inferred categories are estimated according to proximity to data.
    The second model used to estimate inferred resources only
    is based on our understanding of the controls of the gold
    mineralisation in the deposit and extrapolation of resources from previous workings in areas of low drilling information."
 
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