Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Re: Can someone answer me why.....
2
Nov 03, 2010 07:21PM

Skier, the best way to get a grade is to mine it. The second best way is to bulk sample it so you were close ;)

SUM4ALL, you wrote

"Bottom line is grams per ton regardless of the size of the core."

which to me means that even you do not understand the nugget effect. The bigger the drill core, the more accurate our grade will be represented. We have talked about this often but maybe it needs to be discussed again-the nugget effect is a serious problem in regards that drilling does not give us an accurate grade. We are using NQ size which is 2" but if we could do 3", we would have more accurate grades. Bulk sampling is better yet and of course, when this gets mined (and I strongly believe it will) we will then know the real grade.

Mtl_Gold, I have nothing to add to your description as it is exactly how I see it.

When they do the fire assays, they are looking for a certain threshold of gold, when those assays hit the mark, then they do a full pulp metallic assay and then they get an accurate grade for that NQ diameter. This still tends to underestimate the grade but it is the best we can do under the present condition and it is the reason it is taking so long to get our assays back. I take it as a positive because if the fire assays were zeros, then there would not be much FPM going on and we would get our results much faster. From what I understand, Actlabs have increased there capacity to do FPM because of how much of it we are doing. We have also bought a new building and are refurbishing it to handle more cores ie when we add new drills. So the company is making decisions that indicate they believe they will be here for a long time and they will be processing more and more cores. Reading between the lines, I like what is going on.

Does anyone here remember before we had our rise to 98 cents, we had anonymous selling heavy keeping our price around 55 cents. Those who believed in the company were stepping up to the plate and buying those shares and were rewarded (if they sold). I believe that those who bought at 46-48 today will be rewarded again at some point. We may find our share price in this range for a few days yet but it is a buying opportunity and nothing else.

Glorieux

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