Bulk sampling is an underused and undervalued mineral exploration tool that allows geologists to investigate the metallurgical properties of a deposit and retrieve critical technical information.
The bulk sampling process can involve the one-time extraction of a large amount of mineralized rock — generally ranging between hundreds of tonnes up to 100,000 tonnes — from a mineral claim that gives you information about the actual and true grade of the ore on any project where drilling alone often does not, especially in respect to higher grade deposits. However, bulk sampling programs deliver much more than just higher-grade confidence.
It will demonstrate the statistical essence of mining economics that can be delivered by no other way that actual early mining based on internal resource and economic analyses.
Bulk sampling is therefore one of the most effective exploration tools for derisking gold exploration projects.
The latter ..early mining..of course is in a state of constant progressive upgrade by staff geotechnicals entering new drilling data as they arrive and fully interpreted.
Not to conduct large bulk sampling would be indecently stupid of management .
It can be invoked quite quickly and sequentlally , one premier deposit after another.
It has access to fully permitted milling and tailings facilities via its Tolling agreement with Maritime whose mill upgrades now match perfectly with Queenies mettalurgical results .
It will have the full support and bureaucratic assistance of the NL Govt as it seeks to ensure 5 new mines by 2030.
Further, the NL Govt will quash any TO bid that cannot deliver its 2030 5 mine objective ...which eliminates the elephants who are turtles.
So, with an indignant shareholder base most of whom are underwater by the wobbling path to early production of current management , whats there
not to lose by taking major bulk samples that, with high grades, delivers cash flows that removes the need for cheap externally price controlled ATM giveaways .
The paths of wise men has always been obstructed by the presence of idiots.
Lets make sure that this is not the case here.
AIMHO
GLTA