> The massive numbers they are talking about are extrapolating drill results down to 4500m, which is pretty crazy.
Surely this assumption is based on data of some sort? Assuming what’s in front of you is also 4km away seems a risky bet.
Surely this assumption is based on data of some sort? Assuming what’s in front of you is also 4km away seems a risky bet.
JORC is Australian standard, however Anglo-Australian mining transnationals with the TSX as home base are the biggest mining concerns on the planet ATM.
Here is a third party discussion of the JORC definitions of 'Resource' Vs 'Reserve'
https://www.mmg.com/our-business/mineral-resources-and-ore-r...
* Mineral Resources can be classified as Measured, Indicated and Inferred, according to the level of geological knowledge and confidence.
* Ore Reserves can be classified as Proved or Probable on the basis of the Mineral Resource classification and consideration of all JORC modifying factors.
'Resources' can be wishful thinking until they're actually Measured (to a degree of confidence).