And thanks for the nudge towards Kriging, Stanley. And right out of the ArcGIS 3D Spatial Analyst guide... a tool that I used to be familiar with in my pre-retirement professional career. ;-) It harkens me back to an argument I had on here with nopoo a year or so ago, when I was trying to explain that modern resource estimating goes way beyond the old traditional GT calculations and true widths. The modelling software builds a 3D representation of the ore body that automatically corrects for the spatial arrangement and orientation/inclination for each individual hole. With a high number of closely-spaced drill holes at various angles, the true complexity of the underlying U3O8 structures can be uncovered and visualized. We're talking about some serious computational horsepower involved (I used to design the HPC multi-threaded server environment used to process this kind of data... ah... the good old days. ;-)
But I digress... if the underlying structure is veins or seams that have a distinct dip and constant thickness then true widths/thickness are important to know in order to draw a simple 3D representation of that structure. But when the structures are lenses, canoe-shaped pods with potentially thousands of vein-like structures radiating off in many directions over a 2.2km strike, then put the calculator and drawing pencil aside and let the 3D Spatial Analyst tools build you a 3D model that uses methods like Kriging to give you that 3D image of the entire deposit.
Think of it as a giant CT Scan of the Triple R deposit. ;-) Like the human body which has a very complex internal structure that a simple X-ray fails to show, geological 3D analysis uses the same concepts to create a CT Scan-like visual image that shows all of the internal complexity of the ore body. It truly is amazing what strides are being made in the geophysical analysis world!
So, having said all that, let's also use history as a guide for why our methods of summing up the individual hole calculations is unreliable. Rewind to January 9, 2015, just 3 short months ago when the Triple R maiden resource estimate was released. Experienced analysts had vastly underestimated the numbers in that MRE. We heard figures like 40-50M lbs from some... 60M lbs from others... yet in the final analysis by RPA there was actually 105.5M lbs of U3O8!
Without access to the detailed assay files, 3D modelling software application, and the vast array of other geologic data contained in that Dataroom server, our rough and simplistic analysis has been proven already to be vastly underestimating the actual amount of U3O8 contained in the deposit. If my rough calculation comes up with say 123M lbs at this stage, then I think it more probable that the real total is much higher. Sudzie may be closer in his estimates because he is extrapolating based on that history. I could be wrong. An updated Resource Estimate in June/July will tell the true story. Don't underestimate the power that Ross has to unloc
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