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