Pacific Arc Resources Ltd V.PAV.H

High grade Cobalt

[OldGold]

The ground controlled by Pacific arc, Faina Gold, has been referred to as a “geologists wonderland” an old cliche that gets bandied around a bit these days. However, the term fits very well in this case, crazy grades popping up in gold, silver and cobalt for a start. The cobalt is believed to be relate to an IOCG deposit in the Tinteiro region. Cobalt grades of over one percent have been reported from several rock chips taken and rocks in a beautiful cobalt blue easily spotted on the ground. So cobalt is around 32,000 USD per ton now, one percent is 320 USD per ton. I know this is not a true representation of what the IOCG deposit will average, but just to show why these sorts of deposits are so sort after let us breakdown the rock chip that returned 1.75 percent cobalt. Sample number 20768.

Sample number 20768, Copper, 5,990 ppm = $46 USD per ton.
Sample number 20768, Nickel, 5,040 ppm = $85 USD per ton.
Sample number 20768, Cobalt, 17500 ppm = $540 USD per ton.

Well, that is $671 USD per ton, other samples contained gold of 3.69 g/t. Have a look at the video, the head geologist at the time, 2018, talks about a rock they picked up in that same area as sample 20768 was taken
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The Cobalt, Silver and Gold trend, as indicated from sampling, covers over 5 km. Exploration has been extremely limited to date in the entire area. So much has yet to be uncovered, thankfully they now have a world class Geo leading the exploration. Anglo Gold has a reputation as being a world leader in exploration, Paulo brings with him all that knowledge and training he gained at Anglo, he did not become Anglo’s head of exploration by luck. Paulo is a very smart geologist and will be one of the driving forces behind the company.

[GoldenEra]

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[Goldenhope]

It's amazing mining gold and silver and cobalt is thrown in for free I've never seen ANYTHING like this before

[Goldenhope]

I've been going over this agsin it really is exciting and it's in addition to the current  gold mine at cascavel and Sertao looking forward to a great 2021    

[GoldenEra]

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[Goldenhope]

agreed

[OldGold]

GoldenEra, there was a plan to drill a one km deep hole at Cascavel, but that was put on hold when the money became short. In the original joint venture agreement with Anglo, they wanted 100 percent of anything they found below a specified depth. I do not recall what that depth was, but Anlgo must believe that the big score is deeper down. As Anglo’s head of exploration now works for us, he

[Goldenhope]

Anglo wanted everything below 100m  which is where the underground mining has almost reached.  They have a very good reason for that . the grades above are crazy good enough but its at 100m where the action really starts to go off. Thankfully they never got it and now its 100% owned by us.

[GoldenEra]

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[Goldenhope]

no !!!! some things are worth waiting for  this one is a cracker and even though they have a mine and plant at cascavel think there are bigger prizes on the horizon rome wasnt built in a day but yes i agree id rather it was sooner than later

[GoldenEra]

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[GoldenEra]

This post has been removed in accordance with Community Policy