Canadian Mining Journal

News

NET NIT – The concept of resources

In the Sept. 14 Net News, Jane Werniuk wondered at the advisability of stating "conceptual" resource figures, that ...


In the Sept. 14 Net News, Jane Werniuk wondered at the advisability of stating “conceptual” resource figures, that is numbers that do not comply with National Instrument 43-101. Many of our readers agreed, including Rejean Girard, president of IOS Services Geoscientifiques Inc. He wrote:

“If a mineral reserve or resource is not calculated according to CIM standards, backed by metallurgical testing and bullet-proof due diligence, it should not be published nor even mentioned. There is no such thing as ‘conceptual resources’. However, I am very surprised that Robert Wares, a well reputed professional geologist, made such a mistake.”


Print this page

Related Posts



Have your say:

Your email address will not be published. Required fields are marked *

*