CIM Definition Standards (Canada) - CIM Definition Standards on Mineral Resources and Mineral Reserves

"In 2000 the CIM Council approved the CIM Standards on Mineral Resources and Reserves – Definitions and Guidelines, developed by the CIM Standing Committee on Reserve Definitions. The Definition Standards established definitions and guidelines for the reporting of exploration information, mineral resources and mineral reserves in Canada. The Mineral Resource and Mineral Reserve definitions are incorporated, by reference, in National Instrument 43-101, Standards of Disclosure for Mineral Projects, which came into force in Canada in February 2001 and was amended in December 2005.CIM DEFINITION STANDARDS- For Mineral Resources and Mineral ReservesPrepared by the CIM Standing Committee on Reserve DefinitionsAdopted by CIM Council on December 11, 2005FOREWORDCIM Council, on August 20, 2000, approved the ""CIM Standards on Mineral Resources andReserves - Definitions and Guidelines,"" developed by the CIM Standing Committee on ReserveDefinitions. The CIM Definition Standards on Mineral Resources and Reserves (CIM DefinitionStandards) establish definitions and guidelines for the reporting of exploration information,mineral resources and mineral reserves in Canada. The Mineral Resource and Mineral Reservedefinitions were incorporated, by reference, in National Instrument 43-101 - Standards ofDisclosure for Mineral Projects (NI 43-101), which became effective February 1, 2001.At the August 20, 2000 Council meeting a new CIM Standing Committee on ReserveDefinitions was established consisting of the following: John Postle, Bernie Haystead, LarryCochrane, Normand Champigny, Mike Hoffman, Colin McKenny, Jack Mullins, Phil Olson,Fred Payne, Jody Todd and Joe Ringwald.Subsequent to the publishing of the August 20, 2000 CIM Standards on Mineral Resourcesand Reserves, various CIM committees have compiled and published more extensivedocumentation on mining industry standard practices for estimating Mineral Resources andMineral Reserves. These standard practices provide more detailed guidance than that containedin the August 20, 2000 CIM Standards on Mineral Resources and Reserves. On November 14,2004 CIM Council adopted an update to the CIM Definition Standards to reflect the moredetailed guidance available and effect certain editorial changes required to maintain consistencywith current regulations. This version of the CIM Definition Standards includes further editorialchanges required to maintain compatibility with the new version of National Instrument 43-101which is expected to become law at the end of 2005. The CIM Definition Standards can beviewed on the CIM website at www.cim.org."