this was mentioned the other day and was something I never understood, here are the numbers from the 06-28-12 news release in comparison to the numbers from the first 43-101 done by mr george and released 45 days later, where did the first numbers come from and what about those who bought on the news since the first report released showed far less than the news release said and could go lower yet? who is at fault here, mr george or mr c.?
news release
SUMMARY OF INDICATED RESOURCES (cut-off 0.025 oz/t or 0.857 g/T, In Situ and Undiluted), effective December 31, 2011
| Bench** | Tons | Grade oz/t (g/T) | Contained Au oz | Waste Tons**** | % of Bench Untested by Drilling |
| 4550 | 4,367,000 | 0.026 (0.89) | 113,500 | 1,532,000 | 22% |
| 4450 | 8,791,000 | 0.045 (1.54) | 395,600 | 2,561,000 | 32% |
| 4350 | 11,596,000 | 0.072 (2.47) | 834,900 | 2,047,000 | 23% |
| 4250 | 9,947,000 | 0.069 (2.37) | 686,300 | 4,796,000 | 57% |
| 4150 | 6,722,000 | 0.078(2.67) | 524,300 | 9,754,000 | 60% |
| 4050 | 6,988,000 | 0.151 (5.18) | 1,055,200 | 12,466,000 | 64% |
| 3950 | 6,522,000 | 0.617 (21.2) | 4,024,100 | 13,389,000 | >70% |
| 3850 | 6,171,000 | 0.453 (15.5) | 2,795,500 | 13,125,000 | >70% |
| 3750 | 4,033,000 | 0.056 (1.92) | 225,800 | 14,372,000 | >70% |
| 3650 | 3,100,000 | 0.063 (2.16) | 195,300 | 13,749,000 | >70% |
| 3550 | 2,218,000 | 0.237 (8.13) | 526,600 | 13,885,000 | >70% |
| SUBTOTAL | 70,455,000 | 0.161 (5.52) | 11,376,100 | 101,676,000 | |
| Less Historic Mining | 1,416,000 | 0.53 (18.2) | 750,000 | | |
| | | | | | |
| Adjusted TOTAL | 69,039,000 | 0.154 (5.28) | 10,626,100 | INDICATED | RESOURCE |
43-101
Adjusted Indicated Resources 57,000,000 0.116 6,605,000
Capped
Adjusted Indicated Resources 56,878,000 0.075 4,251,000
Stockhouse.com: Taking
it to the street
