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1、THESMEGUIDEFORREPORTINGEXPLORATIONRESULTS,MINERALRESOURCES,ANDMINERALRESERVES(The2007SMEGuide)SUBMITTEDBY:THERESOURCESANDRESERVESCOMMITTEEOFTHESOCIETYFORMINING,METALLURGY,ANDEXPLORATIONTO:THEBOARDOFDIRECTORSOFTHESOCIETYFORMINING,METALLURGYANDEXPLORATION,INC.8307SHAFFERPARKWAYLITTLETON,COLORADO80127P
2、HONE:(303)973-9550FAX:(303)973-3845E-MAIL:sme@smenet.orgSeptember2007Forewordi.The2007SMEGuideforReportingExplorationResults,MineralResources,andMineralReserves(the2007SMEGuide)hasbeenadoptedbytheSocietyforMining,Metallurgy,andExploration,Inc.(SME)andisthereforestronglyrecommendedtobeusedbymembersof
3、thisorganization.ii.TheGuideisrecommendedasaminimumstandardforreportingExplorationResults,MineralResourcesandMineralReservesforpublicandprivatepurposes.IntermsoftheGuide,aPublicReportisareportonExplorationResults,MineralResourcesorMineralReservespreparedforthepurposeofinformingthegeneralpublic.iii.I
4、nthisGuide,importanttermsandtheirdefinitionsarehighlightedinboldtext.Theguidelinesarewrittenusingregularfont.Paragraphswithborderontheleftsideandwritteninitalicsgivedirectionsonhowtointerpretdefinitionsandguidelines.iv.THEUNITEDSTATESSECURITIESANDEXCHANGECOMMISSION(U.S.SEC)REGULATESTHEREPORTINGOFEXP
5、LORATIONRESULTS,RESOURCESANDRESERVESBYORGANIZATIONS,INDIVIDUALSORCOMPANIES(“ENTITIES”)SUBJECTTOTHEFILINGANDREPORTINGREQUIREMENTSOFTHEU.S.SEC.DECISIONSASTOWHENANDWHATINFORMATIONSHOULDBEPUBLICLYREPORTEDARETHESOLERESPONSIBILITYOFTHEENTITYOWNINGTHEINFORMATION,ANDARESUBJECTTOU.S.SECRULESANDREGULATIONS.TH
6、EREPORTINGOFEXPLORATIONRESULTS,RESOURCESANDRESERVESMAYALSOBESUBJECTTOOTHERNATIONALANDINTERNATIONALRULESANDREGULATIONS.THESERULESANDREGULATIONSVARYFROMTIMETOTIME,ANDATANYGIVENTIMEMAYNOTBECONSISTENTWITHTHECONTENTOFTHISGUIDE.THEADVICEOFSECURITIESCOUNSELSHOULDBESOUGHTINPREPARINGFILINGSFORTHEU.S.SECOROTH
7、ERSECURITIESREGULATORYAUTHORITIES,ANDINPREPARINGOTHERPUBLICDISCLOSURES.v.ItisrecognizedthatfurtherreviewoftheGuidewillberequiredfromtimetotime.ConstructivesuggestionsaresolicitedfromallusersofthisGuid
