RE:Rochester did increase silver production by 70,000 oz but 7 g/t mill feed would be nice... but I can't help but feel a little bit skeptical. It is possible for the company to find high grade gold but I would be careful about jumping to any conclusions without more evidence. I wrote about how Rochester Resources was expecting high grade gold in the Florida NW region but ended up drilling low grade gold.
They were expecting 9 g/t but the drill results were proof in the pudding that their expectations were out to lunch. I can't help but wonder how the company could of been so far out.
Rochester does not have the money to drill. This shows how hard it is to know how much gold and silver Rochester has in the ground. Numbers are being thrown around based on samples, trenching and drifting.
You can talk about the identified vein systems all you want but we don't know how much gold and silver is in the ground.
This was stated before drilling... Florida NW has grades similar to those encountered in the Florida SE system. Expectations are that the potential average grade may be around 9 g/t gold and 250 g/t silver.
Florida NW drill results... no 9 g/t?
Twelve diamond drill holes have been completed on the Florida NW Vein.
Significant intersections are as follows:
Hole From To Interval Gold Silver
m m m g/t g/t
FLNW01-10 45.61 46.19 0.78 1.78 18.0
FLNW02-10 No Significant Assay
FLNW03-10 110.60 111.60 1.00 0.96 33.0
FLNW04-10 48.33 49.09 0.76 0.80 less than 10
FLNW05-10 No Significant Assay
FLNW06-10 72.01 72.69 0.68 0.88 31.5
FLNW07-10 76.45 76.98 0.53 1.56 12.0
FLNW08-10 No Significant Assays
FLNW09-10 87.47 87.95 0.48 8.18 99.0
133.35 134.00 0.65 1.43 37.0
FLNW10-10 59.37 62.92 3.55 2.72 222.0
75.10 76.50 1.40 1.61 97.6
FLNW11-10 65.35 67.46 2.11 1.70 233.0
FLNW11A-10 95.76 97.04 1.28 1.12 36.0
Read more at https://www.stockhouse.com/companies/bullboard/v.rct/rochester-resources-ltd?postid=21430609#RavzhrVRAG7dC84p.99