RE:New out Forgive me for asking silly questions but from today's NR:
"In the Company’s news release dated October 17, 2017, Novo discussed that much of the historic prospecting activity at Purdy’s Reward and Comet Well focused on the lower, mafic igneous rock clast-rich conglomerate sequence. Recent observations in trenches continue to confirm this pattern. Novo personnel have noted metal detector strikes throughout this lower conglomerate sequence, however most occur near its base."
Does this mean that a large portion of the conglomerates (2 to 20 meters thick) don't contain significant gold?
That most of the gold is at the bottom of the conglomerates makes sense to me. If a precipitation event occured, most of the gold would percipated out of the water in a short period of time as plants spread rapidly and started producing oxygen. I realize that what makes sense to me could be total nonsense.
Is the gold nugget bearing strata thin - less than 1 meter or 2 to 3 meters?
This is vital information which is not presented in the NR.
If conglomerates are up to 20 meters thick, and the trenches can only be dug 2 meters deep with the machine they have, then they can only expose the bottom conglomerate layer over a limited area for bulk sampling unless they dig huge pits. Even then, not being able to use diamond drilling down-dip to accurately forecast grade will be a problem unless the grade is so good from the bulk samples that they just go ahead with plans to begin production.
Sorry for the dumb questions and postulations.