Banks Island Gold Ltd BKSLF

RE:RE:RE:RE:Exciting News Release

[Mining_Engineer_UBC]

bxju: You have it partly right. The bulk sampling approach is not unconventional and they still did drilling, produced assays and consultant reports. The current resource is a small mine, although very high grade, but the current small resource includes this 9000 tonnes of high grade so if boz is able to get these 9000 tonnes at the expected grade it would reinforce the consultants estimates, not override it. That being said there is a drill on site that is owned by boz and which is continuing to drill will the intent of expanding the reserves. The money produced from the mining would allow for no further dilution of shares or further loans in all likelihood as you had stated. Now to your questions: 1) The 10,000 tonnes bulk sample refers to the mined tonnage, not the concentrate produced. 2) With the DMS plant I would expect very roughly that these 10,000 tonnes would produce 5,000 tonnes of concentrate at roughly double the concentrate of the feed grade (raw material from the mine). 3) The concentrate is being shipped as per the terms agreed with a company based out of New York, so it's not going to NV.