ONE MORE POST - More info is needed on the 200m strike bulk ores subject - .
30m above the level of Rowan suggests 30m higher elevation.
I would love to see a map with perimeter constraint defining this - bulk zone 9 3D style ) before RLG digs in with both heels.
Why ?
I would say the greater odds of success would revolve around bulk sampling known gold zones with in the Rowan mine. Far higher odds, and more importantly - they could work it yearround.
Based on 1,100,000 gold ounces
They could carve out 100,000 ounces and dedicate this to their - bulk sampling.
Wet thier feet in mining - could also involve Evolution - split profits to assist with the milling and extraction of gold.
100,000 ounces would set up RLG looking pretty good -
stock would react and increase in valuatton and afford the funds needed to really dril lout their 4 gold deposits and stull be left with the 1,000,000 ounces unscathed.
Yes.. .most likely - far more gold ounces than 1 million tacking on the 40 holes over the years including the - NT zone.
- underground ( work yearround )
- cull 100,000 ounces
- target the 10/g and higher grade zones
if Evolution has 3 mills, this is the path to go.
Get RLG up n running - providing feedstock to Evolution.
100,000 tonnes ( RLG simply blasts and passes it off to Evolution )
~ 12 moths
= 8,333 tonnes month x12 months
~ 30 days
= 277 tonnes / day
100,000 tonnes
x 10 grams
= 1,000,000 grams
~ 31.1 ( ounce )
= 32,154 ounces per year
x 3 years
= 96,462 ounces
While on the flip - bulk sampling 200m strike wirth 30m above grade zone and waiting another year would set RGL back by a year - yeah... another year goes by, favoring Evolution - if, if, if they're still interested. Does one pass off ores with few drills - or - pass off ores from Rowan below grade and know what they're passing off - 10 soild grams per tonne ?
Sitting on mega gold - favorable spot gold markets - but junior wants to pull ores from an above ( not too known zone - vs - known below grade Rowan zone - that harbors 10/ grams plus per tonne - could work it yearround.
NO BRAINER. .
That's all i've got.
I would need all the more intel i begged for in post - to add more comments....lol
But... something tells me.... don't hold my breath....this junior has made all the right moves for the previous major and now new major.... tease.