Re: COB updates must be filed every 30 days
in response to
by
posted on
Sep 05, 2013 04:19PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
I don,t believe a news release was put with the results from the C-3 bulk sampling. Furthermore, the first ever bulk sample from a new vein, the C-3, is not ever supposed to be mixed with sample material from another vein. No average grade can be established this way, and think this ridiculous and incompetent, for the sample to be combined with that of another vein. This may suggest to me, that the company was not interested in establishing grades to assigned areas enabling them to do a resource estimate for investors and may suggest to me that the company was only interested in getting the money for the gold out of the material, which is not what an investor considers investing into a company for. The company never gave an explanation nor did another solely C-3 bulk sample for quality assurance, so this leaves me believing, they didn,t care about establishing a bulk material grade for that individual vein, in which, was and still is, important for not only investors, but the company itself in data entry for the property. Any sampling method, always keeps samples seperate, on their first sampling for data collection protocol, and seperate many times after, if the sample result is of significant interest, especially in this case, where the C-3 is a high grade vein, in which adds ounces fast to any resource calculation to the vein or deposit.
By the look of the last C-2 individual sample results, getting lower grades, to mix the C-2 vein bulk sample with the first ever C-3 bulk sample, most likely greatly affected the C-3 grade, bringing it much lower than it actually is and causing a misrepresentation of the actual grade of the vein. Also, by not making a distinction between the bulk sampling of the 2 veins, investors were denied the result a news release would have on their stock price at the time, and also an accurate compilation was denied in making an educated investment decision.
"The Company is now taking a bulk sample from the C3 Vein at Zona Canchete, which is a narrow but high-grade (+-1.0 oz/t gold) vein paralleling the C1 Vein, which has been described in previous news releases (average grade of 0.99 oz/t gold based on milling of 451 tons of bulk sample.) The grade of the bulk sample from the C3 Vein should be available within the next two weeks."
http://steliasmines.com/?p=402
This next excerpt stresses the importance of getting accurate results from the C-3 vein only. This C-3 vein is quite possibly the highest grade vein found at surface, at that time. Reference is found in the excerpt to that very fact, it is unacceptable practise to mix the results of that vein with another. The facts show how this vein may have even been better than the C-1, the most consistent gold bearing vein studied and known on the property at that time, read the last sentence of the excerpt below.
"At the C-3 Vein, 19 channel samples were collected across a strike length of 70 metres from shallow pits and trenches.The vein remains open to the east and west.Although the C-3 Vein is narrow at surface (average 8cm), grades obtained were extremely encouraging, ranging from 4g/t to 268g/t gold (0.12 oz/t to 7.82 oz/t) with an average grade of 1.2 oz/t gold.These grades are superior to grades obtained from detailed surface sampling of the C-1 Vein completed prior to the initiation of underground operations."
http://www.24hgold.com/english/news-company-gold-silver-bulk-sample-batches-return-grades-of-0-79-oz-t-0-99-oz-t-and-0-34-oz-t-gold.aspx?articleid=220315