RE:Dummies cannot read This news release requires very careful reading. Perhaps it should have been more carefully crafted. To me it appears that
not all the gold discovered in the Father's Day blast has been included in the production numbers for the 3rd quarter.
Note 5 explains that only 8,596 ounces were included, which leaves somewhere around 27,000 to 32,000 ounces that are readily available for gathering and transport to the mill or to be sold off as specimens at a higher prices than processs gold from a mine. That is my interpetation. Please note the Golden Rose looks remakably like the Golden Butt slab. There is the drill hole terminating in gold at approximately the same distance above the black rock. This chunk of rock is now out, and what pray tell did they find behind that rock? They seem confident that high grade gold will be forthcoming in the near and possibly ongoing future.
Father's Day Vein Update
Additional firings were completed at the Father's Day Vein over the past weekend, resulting in the recovery of the "Golden Rose" slab (see Figure 1). On-site personnel were not able to weigh the slab as its weight exceeded the maximum weight of the site scales. A weight and estimate of gold content will be provided by a third party laboratory.
RNC now expects 27-30,000 ounces of gold from the immediate Father's Day Vein area and substantially more than 35,000 ounces from the 540 metres of A Zone sediment structures identified to date.
With the expectation that ongoing high-grade coarse gold will be produced by the mine on a regular basis, the Beta Hunt Mine has taken measures to improve the ability to estimate coarse gold and realize cash flow more efficiently.
Final gold content of various specimens has now been measured by third party laboratories
