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NI 43-101 Technical report, Surface diamond drilling ... - Iamgold

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R a r e E a r t h E l e m e n t E x p l o r a t i o n P r o g r a m M a r c h - 2 0 1 3<br />

W i n t e r - S u m m e r 2 0 1 2 P a g e | 99<br />

• Up to 9,398 original assay data from the ICP table in variable length but mostly 1.5m;<br />

• 3,126 5m composites including all drill holes intersecting the REE Zone;<br />

• 2,871 5m composites for 1985 to 2011 drill holes exclusively;<br />

• 1,672 10m composites including all drill holes intersecting the REE Zone.<br />

Because the drill hole samples in the REE Zone vary in length, it was deemed valid to group<br />

samples in equal length. Composites of 10 metres appear to be a good choice according to<br />

the geology, the sampling statistics and the variography. The final length of 5 metres was<br />

retained after looking at different block models section and plan views. Composites of larger<br />

size smooth the data. Five metres equal length composites appeared to be a better choice<br />

than the 10 metres composites to preserve a certain level of details in the grade model. No<br />

top grade capping value was used before or after compositing. This can be done dynamically<br />

during interpolation in Gems.<br />

The 2011 composites parametres were applied to the data set used for the 2012 block model.<br />

The data set is formed of 7,110 of 5 metres composites including 2011 and 2012 drill holes<br />

intersecting the REE zone (Table 15). The 2011 samples were principally of 1.5 to 2 metres<br />

long and the 2012 samples were uniformly set at 3 metres long. An equal length composite<br />

of 5 metres was judged appropriate to keep a detailed grade distribution in the model.<br />

Table 19: Composites statistics summary used in 2012 resource estimation.<br />

5 m Composites statistics 2012-12-31<br />

Number of samples 7,110<br />

Minimum (% TREO) 0.02<br />

Maximum (% TREO) 8.17<br />

Mean (% TREO) 1.69<br />

Median (% TREO) 1.72<br />

Variance 0.71<br />

Standard deviation 0.84<br />

Coefficient of variation 0.50<br />

19.1.1.4 Variography<br />

The variography is used for the 2012 rare earth elements resources estimation. It was made<br />

for the <strong>report</strong>ed total rare earth oxide (TREO). A standard approach was used to generate and<br />

model the variography. The following steps were followed:<br />

• Orientation and the dips examination of the solids representing the REE zone to<br />

determine the continuity axes.<br />

• Generated and model the down hole correlogram, witch determine the nugget effect<br />

(closed space variability).<br />

3400, chemin du Columbium, St-Honoré-de-Chicoutimi, QC G0V 1L0 Canada – tel. : 418 673-4694 Fax : 418 673-3179<br />

E-mail : info.niobec@iamgold.com www.niobec.com

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