This taken from Interpreting Drill Results 101;

In this case the drill result that caught my eye was in a March 16, 2009 press release by Clifton Star Resources (CFO ; TSX/V) titled “Clifton Star Resources' Donchester Property Intersects 169.0m of 2.12 g/t Au in North Zone”. This is a huge intersection and when I ran my first level calculation, the result was an inference of nearly one million ounces from this single drill hole. I called up the President and CEO of Clifton Star, Harry Miller and asked him if they had an idea of the true width of the vein intersected by this drill hole. He told me they felt it was about 80%. So I re-ran the numbers with an 80% true width and came up with an inferred resource of 497,000 ounces based on this drill hole alone. From the previous 43-101s done by the company there is a resource of approximately 1,170,000 oz. of gold. If my analysis is correct (which I am certain it is close), this hole alone adds another 497,000 oz to their resource or an additional 43%. It also indicates a previously undiscovered “blow out” zone which could contain far more than the above mentioned 497,000 oz.


compare the intersept with our highlight intercept from todays nr, Galway drills 121.5 Meters Of 2.7 g/t.

Primed24, did the math for us this morning by using the formula the guy uses above; his numbers are as follows;


hole 30- 48377 oz

hole 32- 27452 oz

hole 37- 163 380 oz (this is the highlight hole)

these are infered numbers for the resource, now, these are only 3 holes out of our 39 reported on, I would imagine if i did the math on all 39 holes that i would come up with a great infered amout of gold. So, my point is, we have millions of ounces of gold and are trading at the value of our Galca coal project alone. When the market wakes up here, we are gonna fly.