Re: latest news release and mathematics
in response to
by
posted on
Apr 06, 2011 08:45PM
The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=39769293&topic=ISM:CA&symbology=null&cp=null&webmasterId=92583
I take it your question is based on the findings for the latest hole KCC11-6 in the table?
The table pasted below and from the NR starts as an intercept at 50M and ends at 245M. The breakdown is in 5 intercepts/segments/sections or whatever you want to call them. There is a note KCC11-6 shows a mineralization gap between 102 and 120 m due to a felsic dyke and other smaller gaps related to mafic dykes.
When I tally up their 5 sections, I get 169M. They are also quoting weighted average when they report the % concentration. I will try and find out what is the norm or standard number of decimal places when reporting, but as it is dealing in percentages, I would assume two decimal places.
Id | From | To | Length (m) | Ni Weight Av % |
KCC11-6 | 50 | 103 | 53 | 0.24 |
120 | 171 | 50 | 0.26 | |
174 | 192 | 17 | 0.32 | |
including | 189 | 190 | 1 | 1.00 |
197 | 245 | 48 | 0.24 | |
† all intersection lengths should be considered as apparent width |
Here is a cool app for figuring out length weighted average on up to 10 holes
http://www.edumine.com/xedumine/toolIntroduction.asp?title=Weighted%20Average%20Calculator%20for%20Drill%20Core%20and%20Chip%20Samples
You may need to download the following: This tool needs the Adobe SVG Viewer plugin!
This tool is based on Adobe's SVG (scalable vector graphics) technology. To use this tool you need the SVG Viewer plug-in from Adobe.
If you have that plug in this link should work for you:
http://www.edumine.com/xtoolkit/xmlicon/wtdaverage.htm
. Here is how they actually reported the headline in their NR