RE:RE:NR Announcing Consolidation NorthAnother point to add is related to this line from today's PR
This new land position, immediately north of, and contiguous with, Goldboro, was acquired through the staking of seven exploration licences, covering 7,771.2 hectares that cover gold, antimony and tungsten glacial till anomalies.
The new claims were staked, not purchased or obtained from another claim owner...so Signal picked these claims up on the cheap...as cheap as you can get - right from the NS Government via the claim staking process...EXCELLENT! I think it is like $8 per claim block.
The "contiguous" with Goldboro point is important because Signal can consolidate these adjoining claims with the Goldboro Claims they have now as they are adjoining/contiguous with Goldboro. That means that all the expenses paid for drill etc can be applied to the larger claim blocks which means that they can keep the claim blocks longer as Signal has millions of dollars in work credits built up over time.
Every 2 years one needs to renew your claims. Every 2 years the price to renew your claims goes up dramatically...so if you do not spend any money advancing the claims (drilling/trenching/soil/till/rock sampling, geophysics etc), you will have to pay much more after 2 years to keep the claims. Every 2 years the price to renew goes up again. This keeps folks from sitting on the claims if you do not do any work....perform work on the claim or you loose it cause you can't afford to keep the claims.
Signal with all the drilling and work credits they have can now be applied to the larger contiguous claim block...eventually I suspect Signal will reduce some claims that they do not see value in (after performing work on those claims).
Someone dropped these claims and Signal swooped in and picked them up...now let's find the source of that 4X10 km gold signature....Good Luck Field Geos!