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NI 43-101 Reserve Reports
Client: Xinergy Corp. and CDR Minerals—Pikeville, Kentucky
Summit has completed five (5) NI 43-101 reports for Xinergy Corp and CDR Minerals over the past three years. These reports are used by companies who intend to acquire international financing and/or be listed on the Toronto Stock Exchange (TSX). The report requires a qualified person based on criteria set by the Canadian Institute of Mining (CIM ).
NI 43-101 is a national instrument for the Standards of Disclosure for Mineral Projects within Canada. The Instrument is a codified set of rules and guidelines for reporting and displaying information related to mineral properties owned by, or explored by, companies which report these results on stock exchanges within Canada. This includes foreign-owned mining entities that trade on stock exchanges overseen by the Canadian Securities Administrators, even if they only trade on Over The Counter (OTC) derivatives or other instrumented securities.
Information in the NI 43-101 includes press releases of mineral exploration reports, reporting of resources and reserves, presentations, oral comments, and websites. The NI 43-101 covers metalliferous, precious metals and solid energy commodities such as coal, as well as bulk minerals, dimension stone, precious stones and mineral sands commodities. The report is technical in nature and includes reporting and analyzing the reserve property, its history, exploration and drilling, sampling, adjacent property, reserve estimates, mining plans and economics of the project. The report must adhere to CIM standards.
