Post by
ctoivo on Jan 25, 2021 12:41pm
Results
From the news release
Percussion drilling is a hammer drill that uses compressed air from down the hole to blow the hammered material to surface it is known for poor gold recovery, however, it was considered the most effective method of drilling the stockpile material
They can't use rgular drills, So with the percussion drill,the material is pulverised as they go down and then they use air to blow back dust to the top. The problem with this is that the gold, being so heavy may want to settle in the porous material of the sides of the hole on the way back up, thus not giving a good indication of the gold. I believe they will be doing a bulk sampling that will give a much better reading. (although I don't know if they can get it from the lower levels of the mill pile where the higher grades may be.)
Providence is a great prospect as time will tell.
3.6 million shares traded as of 12:30 eastern time. Don't be skeered out of your holdings.
Comment by
Humorus on Jan 25, 2021 12:50pm
This post has been removed in accordance with Community Policy
Comment by
Austria08 on Jan 25, 2021 1:03pm
This post has been removed in accordance with Community Policy
Comment by
Darkangel on Jan 25, 2021 1:14pm
Your words has no worth ,you and Bigben20 get your facts straight .
Comment by
KozmoT on Jan 25, 2021 1:17pm
By trying to spin the results as anything other than a complete disaster they've pretty much outed themselves as paid promoters. Like I said, even I never thought the assays would be THAT bad!
Comment by
KozmoT on Jan 25, 2021 1:53pm
Liner - seriously? For starters there is no hole 36 and if you meant 26 then the grade averaged 0.18 g/t. No, the wasn't a typo. The other "best" holes still only averaged around a pathetic 1 g/t (you can't statistically include the obvious nugget effect samples as was explained earlier)