Re: News - Re-assays for chrome - Why re-assaying may be necessary! - "material"
in response to
by
posted on
Feb 26, 2009 07:35PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
I thought I'd add this tidbit. You state the following (I place in italics):
"With respect to Noront management's timely release of material fact, specifically assay results, I have been protesting what I consider to be frank violations of the TSX Venture Exchange Corporate Finance Manual Appendix 3F, "Mining Standards Guidelines" for a number of weeks. There are assays outstanding from last September (Seafield JV). I am not satisfied by comments from a Co-CEO that e.g. the Windfall assays are "not material". "
I've owned, easily, over 50 different junior explorer stocks over the last 7 or 8 years, and I have, on many occasions seen press releases saying that the assays for the most recent drill results were not being published because they "were insignificant" or "not material" or were "anomalous" or were "not of economic significance", etc.
I find it hard to believe that the TSX Venture Exchange would allow the many reports I've seen, with such language, to pass by them unchallenged if such reporting was illegal. If all companies are required to report the specifics of drill results that are of no economic viability - then why has the TSX-V tolerated these press releases by so many companies for so many years?