In March 2005, Pacific Iron Ore's predecessor company, Emerald Fields, commissioned a technical resource summary that would meet the stringent reporting requirements of the Canadian Securities Administrators' National Instrument (N.I.) 43-101. The report was prepared by George Owsiacki, P.Geo., an independent professional geologist. During preparation, Emerald Fields also commissioned Mr. Owsiacki to design a follow-up work program. His report was submitted in October 2007 and an updated version was submitted in March 2008. The full report can be viewed by clicking here.
On June 18, 2009 the Corporation announced the receipt of an Engineering Study and resource estimate completed by Wardrop Engineering Inc. of Vancouver, B.C. This document is available on SEDAR and contained an inferred resource estimate of 7.8 million tonnes grading 63% Magnetite. This report is currently being updated to incorporate the results of the 2009 and 2010 Exploration Program.
Among Mr. Owsiacki's findings were the opinion that the Pearson Project holds "highly prospective and favourable lithology" with "high potential for discovery of additional magnetite mineralization", and that, "The Pearson Project claim group hosts significant high-grade iron deposits which have excellent potential for expansion." He designed a work program aimed at substantiating the known plus a number of the inferred deposits, which is described under Current Work Program and Development Plan.