Tuesday, August 21, 2012

Frank Callahan - Barkerville Gold - BGM.v

I suppose it was only a matter of time until career promoter Mr. Frank Callahan found his smiling contenence here. Even considering the man, Frank has REALLY stuck his pee pee into a hornet's nest this time.

So whats um, the deal?

Roughly 6 weeks ago Barkerville Gold released news of a 10.6m oz indicated resource, a report that was jaw dropping in terms of size and the fact the previous was something around 600k ozs.

Frank then used the very last of the 45 days before releasing the 43-101 thats SUPPOSED to support the News. Well surprise, the report was massaged (indicated down to 6.6m implausbile ozs) and even so and from all accounts will NEVER support the ridiculous news release, ever.
Well the BCSC was sleeping as usual for the initial release of Barkerville news and were only awakened from that permanent snooze with the howls of millions as the story went National. The Financial Post, Northern Miner, and other influencial writers went to work while the local Vancouver press were silent.

The highly respected Mr. Brent Cook put it well and mildly ...

"Let’s get this out of the way at the start: The technical report is deficient with regards to the inclusion of details of the project database and many aspects of the resource modeling procedures; so much so that a complete understanding of the process and conclusions could not be arrived at."
THIS TIME the regulators took notice and the paper was halted with a CTO.
The Northern Miner had this to say

"The BCSC released no further details as to how exactly the report, prepared by geologist Peter T. George, was non-compliant, but others have raised their own concerns on the contents. Garth Kirkham, chairman of the best practices committee at the Geological Society of Canadian Institute of Mining, Metallurgy, and Petroleum (CIM) said in a phone interview that the report misses on a number of criteria, and overall is very thin on details.
“First and foremost, it does not comply with CIM best practices, which, when you’re doing a 43-101, that is a requirement,” Kirkham said, noting that the methods, the validation and verification of data, and a whole checklist of things don’t comply.

For Kirkham though, the biggest source of concern is the sample data on which the resource was based. He sifted through the lengthy sample database in the report that apparently backed up the resource, and found that while the database shows roughly 125,000 foot-long samples, only 22,355 samples were plugged into the Amine software George used to calculate the resource."

TORONTO, Nov. 29 /CNW/ - Rubicon Minerals Corporation (RMX:TSX | RBY:NYSE-AMEX) ("Rubicon") is pleased to provide a NI 43-101 compliant inferred mineral resource estimate for the F2 Gold System, part of its 100%-owned Phoenix Gold Project located in the heart of the prolific Red Lake Gold District of Ontario.

The inferred mineral resource estimate was prepared by Geoex Limited.

February 14, 2011 - Amended NI 43-101 Technical Report for Rubicon’s Phoenix Gold Project

Rubicon Minerals Corporation (RMX:TSX | RBY:NYSE-AMEX) (the "Company") announced today that, as a result of a review by the British Columbia Securities Commission of the Company's recently filed NI 43-101 technical report containing its Phoenix Gold Project mineral resource and geological potential estimates for the F2 Gold System, the Company expects to file an amended technical report for the Project. The Company will make a timely announcement if any material changes to the estimates result from an amended report.
December 15, 2005 International KRL Resources Corp. Files 43-101 Report on the Nor Property. International KRL Resources Corp. (the Company) has filed with the B.C. Securities Commission an independent NI 43-101 compliant, technical report on its NOR Property located in the Richardson Mountains, Yukon. The author of the report is Peter T. George, P. Geo., a consulting geologist based in Ontario.

"Based on the results of both historical work and the 2005 exploration data, Mr. George compares the primary characteristics of the NOR and the Olympic Dam deposit, and concludes that the NOR Property warrants an intensive exploration program to test the potential for a large Olympic Dam-type body."

Thursday, September 7, 2006 - International KRL Resources Corp. (TSX-V:IRK) today announced that it has suspended its diamond drill program on the NOR (IOCG) project in the Yukon. The remaining core has been sent to Acme Analytical Labs in Vancouver this week.