Re: Drilling and Assay Time Reference...red
in response to
by
posted on
Jun 11, 2009 05:22PM
Focused on becoming a near-term Gold Producer
What I know is...I don't know nearly enough about bulk sampling.
I like the our chances of the criss-crossing, surface expression of gold-bearing veins being an excellent choice for a bulk sample, especially as it is to be conducted simultaneously with the drill program. It'd be nice if we had good grades at surface and continuing on, possibly improving at depth, which so far has been an elusive prize in the BGGC.
As far as the permit goes, I don't know if they have it in hand yet. They may not even require one, if the bulk sampling falls within certain (low) parameters in the course of their exploration activities.
However, if they have loftier plans than they are telling us about just yet, they will require an "Advanced Exploration" permit for those activities. And I think that propels them in a different tax bracket, so to speak. More money to be spent, more obligations to be met, more permits required, more environmental studies, and on and on. I believe, if I'm not mistaken, that's why they have to stay within a certain threshold of so many allotted square meters of stripping and trenching before triggering the "Advanced Explorer" label and subsequent ramifications. Not to mention 1000 tonnes is still all that's allowed after all of that.
Something I lack knowledge in...seems to me something in the Mining Act of Ontario says any proceeds of bulk sampling reverts to the province??? I hope I've misunderstood something there, or there's a permit that Sage has applied for that allows them to keep the gold...otherwise there's not much point to the bulk sampling if the gov't gets it all.
So, I have more questions than answers, sadly, but perhaps someone will be kind enough to enlighten all of us poor sots here.
~Q~