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https://www.youtube.com/@valls_geoconsultant?sub_confirmation=1 For more videos about geology, geochemistry, AI, and much more, please visit and subscribe for free here: Golden droplets- https://shorturl.at/fetV1 Geovoices- https://tinyurl.com/m23pp4pb News about geology- https://tinyurl.com/3979urhy Geo News Radio: https://shorturl.at/MwdSK Learn how critical NI 43-101 errors and red flags can invalidate your report, trigger a cease trade order, or land your company on the default list (British Columbia Securities Commission, n.d.). For any Qualified Person (QP), mastering the nuances of Item 3 reliance on other experts, data verification procedures, and the current personal inspection is vital to ensure every technical report is prepared in accordance with NI 43-101 rather than using misleading terms like NI 43-101 compliant (Alberta Securities Commission, 2011; Ontario Securities Commission, 2011). Regulatory bodies frequently flag the improper use of blanket disclaimers for technical information, which is strictly prohibited under Form 43-101F1 guidelines (Alberta Securities Commission, 2011; Cassels, 2024). A major source of project failure and regulatory intervention is the omission of proximate cautionary language when disclosing historical estimates, exploration targets, or a preliminary economic assessment (PEA), often leading to mandatory requirements to refile corrected documents (Ontario Securities Commission, 2011). The site visit is not just a formality; it is a foundational, mandatory compliance exercise that cannot be delegated, and failure to document it correctly in the QP certificate remains a primary deficiency in technical reporting (Alberta Securities Commission, 2011; Ken Kuchling, 2015). To avoid these pitfalls, geologists must strictly adhere to the latest CIM Best Practice Guidelines, provide an explicit professional opinion on data adequacy, and ensure that forward-looking cost estimates are accompanied by expected accuracy ranges (Ontario Securities Commission, 2011). By prioritizing transparency and avoiding promotional superlatives like bonanza grades or world class discovery, QPs uphold their role as gatekeepers for the capital markets and protect the integrity of the geological community (British Columbia Securities Commission, n.d.; Ontario Securities Commission, 2011). The bridge between Academy and Industry! P. Geo. Ricardo A Valls, M. Sc. and Geo Gadfly Valls Geoconsultant ORCID ID- https://orcid.org/0000-0002-5421-0914 Scopus Author ID: 7003369619/35335510700 ResearcherID: S-6604-2018 If you like this content, please "buy me a coffee" https://www.buymeacoffee.com/goldendroplets #valls_geoconsultant #NI43101 #MiningGeology #QualifiedPerson Some references Alberta Securities Commission. (2022, April 14). CSA notice and request for comment proposed repeal and replacement of National Instrument 43-101 Standards of Disclosure for Mineral Projects. British Columbia Securities Commission. (2011, April). NI 43-101: What you need to know about the new mining rules. Cassels Brock & Blackwell LLP. (2024, June). National Instrument 43-101: Commonly overlooked items when preparing a technical report. Cassels. CSM SEG. (2022). Mineral resources and the qualified person - Erik Ronald [Video]. YouTube. https://www.youtube.com/watch?v=A8vH9t_1M-8 Financial and Consumer Services Commission. (n.d.). National Instrument 43-101. FCNB. Goodmans LLP. (2025, October 6). Modernizing NI 43-101: CSA propose sweeping reforms to mining disclosure standards. McCombe, D. (2007, March). Is your NI 43-101 technical report compliant? Standards, Leading Practices & Guidance for Mineral Resources & Mineral Reserves. Nuñez Telleria, G. (2021). The role of the qualified person [Video]. YouTube. https://www.youtube.com/watch?v=VlVnC8bU1_k Waldie, C., & Whyte, J. (2019, November 13). NI 43-101 technical reports: Basics and pitfalls. Professional Geoscientists Ontario.. Waldie, C., & Whyte, J. (2023, November 14). A quick start guide to the reporting standards for mineral projects. Professional Geoscientists Ontario. Whyte, J., & Collins, C. (2025, June). Debunking myths about QP independence. Standards, Leading Practices & Guidance for Mineral Resources & Mineral Reserves.