National
Instrument (NI) 43-101
Standards of Disclosure for Mineral Projects
National
Instrument (NI) 43-101 is a direct result of a series
of mineral exploration frauds perpetrated on the public
in the late 1990's. During that period certain companies
and individuals disclosed fraudulent, inaccurate, misleading
and/or incomplete information upon which the investing
public relied. The results included massive losses, lawsuits
and a rapid contraction of the Canadian equity markets.
Federal
and provincial regulatory agencies in Canada determined
that a national standard must by put into place for technical
data presented by public companies operating on Canadian
stock exchanges. On February 1, 2001, NI43-101 went into
effect for all corporations listed on public exchanges
in Canada. The purpose of NI43-101 is to force all public-listed
companies to submit geological reports, whether oral or
written, in a standard format. NI43-101 also dictates
certain standards of technical competence along with full
and complete presentation of technical data.
The
author of any report which is intended to qualify for
NI43-101 standards must be an engineer or geoscientist
with at least 5 years experience, must have knowledge
or experience relevant to the subject matter and must
be a member in good standing of a self-regulating professional
association. Such a person, known as the Qualified Person,
must warrant the accuracy and completeness of such reports
and retains professional responsibility for the contents
of the report.
Avalon
Development Corporation wrote its first NI43-101 compliant
report in April 2001 and since then has written numerous
other NI43-101 reports for companies listed on various
Canadian stock exchanges. Our ties to the American Institute
of Professional Geologists (AIPG) and our 17 years of
Alaskan mineral industry experience make us uniquely qualified
to complete NI43-101 compliant reports for our clients.
If you are in need of reports that must meet NI43-101
standards, contact us and we can help you satisfy these
demanding standards.
The
System for Electronic Document Analysis and Retrieval,
or "SEDAR" is a web-based clearinghouse where the
public can review and retrieve documents filed by public
companies listed on Canadian stock exchanges. This site
is now posting technical reports on mining properties
on its website, http://www.sedar.com.
Several Alaska prospects are listed by SEDAR including
the Rock Creek, Nome Gravel, Divide and Bulk Gold prospects
in the Nome District, the Donlin Creek, Pebble and Shotgun
prospects in southwestern Alaska, the Golden Summit project
in the Fairbanks District and the Union Bay project in
southeastern Alaska. The appropriate links follow:
Divide
Project - Rio Fortuna Exploration.
Donlin
Creek - NovaGold Feb 02 Technical Report.
Donlin
Creek - NovaGold Mar 02 Preliminary Assessment.
Rock
Creek Report - NovaGold and TNR Resources 16 Apr 02.
Nome
Gravel Report - NovaGold 15 Apr 02.
Shotgun
Project Report - NovaGold and TNR Resources 1 Apr 02.
Union
Bay Project Report - Quaterra Resources 20 Apr 01.
Rainbow
Hill Project - Canalaska Ventures Mar 02.
Kougarok
Project - Chapleau Resources and Navigator Expl. Mar 02.
Golden
Summit Project - International Freegold 1 Mar 02.
