Re: resource estimate and IMF rumors
in response to
by
posted on
Mar 01, 2010 11:03PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
I'm holding out hope that some of the resource estimate will include an indicated resource based on the long section that was updated with the 2009 November drill results:
http://www.kodiakexp.com/_resources/media/Presentations/KODIAK_Presentation_18JAN2010.pdf
The West and East shoots were drilled on a reasonably tight intercept spacing ( < 40m in places) which presents a higher class possibility. But, as you said, they have to crunch the variograms and see if the variability at that spacing meets the criteria. You can't predict beforehand what spacing will give a particular resource class. After 3 years of drilling on the Golden Mile we'd all like to see some value. We'll soon have an answer and then the market will pass judgement.