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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: JEB who wrote (23076)	6/6/2001 10:19:38 AM
From: Digrdug	Read Replies (2) \| Respond to of 34075

JEB, an explanation of "bulk sampling". It is essentially small scale mining on various parts of the property to try to get and idea of tenor (grade). Robert says BD&C wanted at least 26 ton samples. This is only two truck loads. So they take a digger and make some holes, maybe 75 feet square, and dig down. This would be hundreds of truck loads and they process the material to determine the grade as they go. The key here is that they have the gold to sell to help pay the costs. If the deposit is economical then they keep going and can use some of the equipment in larger scale mining. If it is not economical then they send the rented equipment back and fold up! And then we would all know the reality here!!