Sunday, May 04, 2014 9:38:38 AM
That is pretty pathetic for a gold mine even if it is "mined out" channel. They should have at the very least had 10x that much. The area of the white was supposed to have at least .05 per ton wasnt it?
If that is what they get for "grade/yield" of a sample they are in pretty big trouble.
Well many claim the black channel will be better (if we ever get there.) But the history of the black channels seems to say otherwise.
The dominance of
quartz in these rich placer stream channels led the early miners to give them the name
“White Channels”, the name is still used today.
Between the early Eocene (57 MYBP) and the Oligocene (28 MYBP), a period of
Rhyolitic and Andesitic volcanism occurred which buried the White Channels beneath
hundreds of feet of volcanic ash, lahar deposits and flow rocks.
During the Miocene (12 – 28 MYBP), uplift began along the Eastern Sierra Fault
which resulted in a new period of stream down cutting. During this time period, inter
– volcanic streams developed and began down cutting into the volcanic rocks
deposited earlier. The inter –volcanic stream channels were called the “Black
Channels” by the early miners, due to the dominance of volcanic rock clasts in their
gravels. This name is also still in use today. The Black Channels cut deep valleys into
both the volcanic rock and into the metamorphic basement rocks (including gold –
quartz veins) in the district. The Black Channels became charged with placer gold by
two major processes. The first was by cutting through the White Channels and
“robbing” them of their gold. The second was by eroding through outcrops of quartz
veins exposed on the basement rock surface. As a rule, the Black Channels of the
district are not as rich as the White Channels, but there are exceptions.
IMO it would be better to have the company acknowledge their failure to keep their word on the 6-8 weeks in a PR than to show the failure of the sampling in a picture.
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