Re: From our last NR

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Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

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sculpin

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Re: From our last NR

in response to

From our last NR

sculpin

posted on Jun 17, 2011 10:30PM

Further to this post; here is a link on a little more info on kriging.

http://www.ehow.com/list_7385581_advantages-grid-drilling.html

Look at this paragragh below taken from the above link. Pay close attention to the line about drilling the least amount of holes possible. If this technique is applied and followed on the Tesoro, then we may only need this 1 drill program! Think about it people, if this is SLI,s plan, then this will be proven up the quickest management can. It now adds more sense for the extensive trenching program to get numbers to plug into this kriging method also.

Kriging

Kriging, named for South African mining engineer Danie G. Krige, is a mathematical algorithm, or extrapolation, used to interpolate data determined by drilling the fewest number of holes in the drill grid. In other words, it predicts the value function of unknown points based upon the information derived from a given point. In the case of mining, it has predictive value with a given number of points. The success of the extrapolation minimizes the time and cost involved in boring all over a grid and can predict with relatively consistent accuracy the direction and depths at which a mine should be developed. It is closely related to the concept of regression analysis, except in reverse. It has proven such a successful predictor that the formula's use has expanded into many other fields including three-dimension geographic data processing.

The kriging method is excepted by most big miners, and if we have a resource that is calculated like this , we will have a very valuable piece of paper of how many possible ounces of gold is on the Tesoro.

BOW or Hog, I gave you all the algorithims in my previous post, can you punch some numbers in this and give us an estimate in this manner?

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