GPP 0.00% 0.1¢ greenpower energy limited

Nowhere currently near defining a measured and indicated...

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  1. 6,289 Posts.
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    Nowhere currently near defining a measured and indicated resource under the JORC Code, which is the basis for progressing mining decisions. Would also say they will need to do the 20 drills and get the assay results back and analyse to determine an 'inferred' resource under JORC Code and inferred resources don't form a basis for mining decisions, but only for more drilling decisions to get you to a measured and indicated resource.

    I think what you will find is that they are seeking to progress drilling and report outcomes in line with the guidelines for JORC 2012 reporting, hence why you also have Competent Person sign off to each of these Ann's. THIS should not be confused by posters with establishing the ultimate 'measured', 'indicated' and 'inferred' resource estimates under the JORC 2012 Code. Hope that helps. That is any mention of JORC at the moment relates to following the guidelines of the Code in reporting as against estimating a resource, if that makes sense, but we'll revisit this after the assays are released to see whether they have sufficient information to report an 'inferred' resource at the end of this drilling campaign. Hope that helps. All IMO

    Need to add, why the above comment. Generally need 50 metre spacing or slightly less to even consider reporting a measured and indicated resource. All IMO
    Last edited by Scarpa: 30/04/18
 
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