National Instrument 43-101

This post deals with National Instrument 43-101. “http://www.bcsc.bc.ca/uploadedFiles/NI43-101%281%29.pdf” It is a requirement in Canada for filing technical reports related to mineral properties. It is an excellent guide for other fields, such as climate research. I suspect that, in general, climate researchers are not capable of living up to these standards. Some excellent things, cut and pasted from NI43-101 (please refer to the site referred to above for the full instrument, including any applicable copyright requirements):

“data verification” means the process of confirming that data has been generated with
proper procedures, has been accurately transcribed from the original source and is
suitable to be used;

“technical report” means a report prepared and filed in accordance with this
Instrument and Form 43-101F1 Technical Report that does not omit any material
scientific and technical information in respect of the subject property as of the date of
the filing of the report;

Written Disclosure to Include Data Verification – Subject to section 3.5, if an
issuer discloses in writing scientific or technical information about a mineral project
on a property material to the issuer, the issuer must include in the written disclosure
(a) a statement whether a qualified person has verified the data disclosed,
including sampling, analytical and test data underlying the information
or opinions contained in the written disclosure;
(b) a description of how the data was verified and any limitations on the
verification process; and
(c) an explanation of any failure to verify the data.

Note too that NI43-101 requires archiving of ALL data. At this time, by convention, everything that exists is considered data.

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About John Eggert

A minerals processing engineer in Canada. A cynic by nature, but open to being convinced!
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