When disclosing the results of exploration activity on its

properties, a company shall state the source of the information

when it was not obtained by the company itself.

The company shall also provide the name(s) of the qualified

person(s) responsible for the design and conduct

of the exploration program. The relationship of such

person(s) to the company shall also be disclosed.

Apart from disclosure of results of exploration activities

as described in more detail below, a general description

of the geological environment must be disclosed, including

any known potential for problems, such as extremely

erratic results or significant metallurgical difficulties.

If the company releases partial results, e.g., the first two

holes of a six hole program, it must ensure that the balance

of the results are disclosed in a timely manner whether

the results are positive or negative.

Where possible, the company should provide information

in table form for ease of understanding and publish maps,

plans or sections as appropriate to the information and

the stage of development of the property.

When the company is releasing information as to advanced

results, it must provide a description of the work undertaken

and include all relevant details as to the methods

used and who conducted the program in a similar manner

as for preliminary results.

six holes are drilled and three return mineralization of

interest, details of all six holes must be released, including

location, direction, geological formations encountered,

etc., so as to provide the reader with as complete a picture

as possible as to the nature of the prospect.

Grades reported should conform to industry best practices,

such as ounces per ton or grams per tonne for

precious metals, and a complete and accurate portrayal

of the drill intersections, true widths, cut grades, etc.,

should be included.

For any material properties, the company must also

disclose whether any independent sampling or audit programs

have been or will be undertaken, by whom, and

what their qualifications are. Data verification programs

should be disclosed, including sampling methods, location

and number of samples, and comparisons with the company’s

own results.

Care should be taken to provide consistent reporting

throughout the life of the exploration program. Estimations

of tonnage and average grade of mineralization

may not be reported until the company has performed a

resource calculation as set out in the

VIII Assay Results

The name of the analytical laboratories which assayed the

material sampled must be disclosed together with their

relationship to the company, if any. The accreditation of

each laboratory, or lack thereof, must also be disclosed.

Assay results must include disclosure of the analytical

method(s) used. If these are not standard procedures for

the prospective minerals on the property, this should be

disclosed in detail, including a discussion of the reasons

for their use.

Complete disclosure of check assay results is not required.

It is, however, a requirement that the company disclose

the nature of the check assay program and whether the

results are confirmatory.

More at http://www.tsx.com/en/pdf/Mining_Dis...

BK