Preliminary estimates are that this section of the White Channel where the initial mining will take place contains at least 16,000 cubic yards of mineable gravels, or the equivalent of approximately 24,000 tons. Initial mining activity will consist of bulk sampling of the resource to determine the expected average grade.
It became waste when there was no gold in it. The waste was ran through for a stress test of the machinery that was apparently already in working order because they had made some sort of deal to mill someone elses ore that never happened.
So while the rock that was pulled out has been titled as a sample to test grade, rock that was in the way of equipment, and Waste for stress testing the bottom line is something they said was untrue. It was waste or it was for grade sampling. It cant be both and it was named both.
The company needs to be on the level with investors and just tell us the realistic truth. Not say 6-8 weeks or sooner and then say OOPS 4 more weeks.
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