Additional interpretation of the Quantec geophysical data by in-house exploration personnel and
McElhanney Engineering Group continues and results from these studies are being utilized to maximize
exploration data and guide the drilling program.
This is part of what McElhanney does; take note the "kriging" method of resource calculation.This method is usually done after you have drill results and is used by most big miners to get a resource calculation, among other things. I was just asking Primed on this method, whereas he is very familiar with it, and will respond to this post next week. He will be back home next week and will most likely be updating his blog too.
http://www.mcelhanney.com/mcsl/Products/vertical-mapper.php
Here is a link explaining the Kriging method.
http://en.wikipedia.org/wiki/Kriging
I didn,t know McElhanney did this until I searched their website and came across it.They also compile data and do 3D imagery. I was wondering exactly how they were working on our data, now I see.
This method of calculating resource is very similar to the approach Hog took in this research;
https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0B-hwvUB-zjR1Nzg1ZTAwODUtMzkwNS00Zjg3LThlOTctZThiOThjYjFhMWQ1&hl=en_US&authkey=CPXu2o4P