I think you have accuracy and precision backwards, at least as I learned them in Physics.Accuracy and precision are two different things and are measured in two different ways. Accuracy (how well shots cluster on a target regardless of location on the target) vs. how close to the shots are to the bullseye (precision). For the lab, you measure precision using standard/certified reference materials. This tells you if 4.5 ppm Fe is really 4.5 ppm Fe - the question here. Accuracy is typically handled through duplicates and ideally, all fo this is done blind so the lab doesn't know which samples are standard or duplicates. So sure, send BS 6 samples of the same oil (is it really the same? How was it collected?) and see how they plot up. In this case, these duplicates are also measuring how well the sampling method represents the oil. You can also have a lab do their own dups where they would take a single sample, homogenize and split it to get duplicate results. Standards would need to be constructed using a new oil with some added anlayte (Fe) in a known concentration and tested. Typically, you have the lab in question run dozens of these standards to develop the mean/SDs to then measure against. You can also "round-robin" these standards out to other labs for comparison obviously assuming the exact same method is used. Labs using equipment like ICP will also have their own internal calibration and QA/QC standards they should be running at some determined interval. I'm sure BS can provide that info if requested like any good lab to give end-users confidence that 4.5 is....4.5.
While I make my living at this point helping clients with questions like this for mineral exploration datasets (I'm an independent consulting geologist) and QA/QC results are a big part of whether I can sign off on their Mineral Resources as a Competent Person so you as investors can be confident that the company has XYZ tons at ABC grade is in fact, as reported. For all the UOAs I've done, I've given zero consideration to QA/QC b/c it's just not that critical for this purpose in my opinion but it raises some questions.
Precision is the repeatability of result. So that’s the tightness of the grouping in your rifle analogy.
Accuracy is how close that group is the Bullseye, or how close your result is to the true value.