FEW THOUGHTS -
If Rvoer stated it has " more than doubled " gold grades ....
Then i can look at this several ways.
1 - if one kept the same " constraint " ore body tonnage and drilled to confirm historical grades,
it would mean - double the value of gold was detected - same tonnage.
= still arrives at - double the amount of gold
2 - Problem with the above calculations ?
Rover said they extended strike zones - therefore - more tonnage would be involved.
And if more tonnage and then statement added to this - double gold grades
It would arrive at all the more gold.
EXCERPT FORM - MD&A -
The Company also defined the Andrew Zone, located along the eastern limb of the Bugow Iron Formation. The Andrew Zone has a surface strike length of approximately 800 meters. Both the Beaver Zone and Andrew Zone remain open at depth.
The Company was able to more than double the historic gold grades reported at these two historic targets.
Now... how am i scoping this subject ?
I'm referring to one of the very first press releases Rover circulated.
Referring to - historical gold ounces in 2018 -
Aug 13 2018 - press release.
Canada Mineral Bulletin MR223 records a mineral inventory of 43,900 tonnes at 4.39 grams per tonne gold in the Bugow Zone and 18,100 tonnes grading 7.89 grams per tonne gold in the Andrew North Zone.
Historicals define - Bugow zone = 43,900 /t @ 4.39 g/t + Andrew = 18,100 /t @ 7.89 / g/t
MD&A defines - Andrew zone + Beaver.
And... the new zone created = Arrow.
1 - Andrew zone is easy to calculate = same name was kept. ( Andrew had two zones - N/S )
Not unless it's now apart of the original - Cabin zone.
2 - Was Cabin zone - incorporated with - Andrew + Beaver ?
3 - And of course - we now know the total ( combined strike ) 1,000 m
4 - Was the bugow zone in historicals strictly referring to - Cabin zone ?
If so, was Rover able to confirm historical tonnage and grades and perhaps extend zone ?
How about increase these grades or were they decreased ?
Renaming zones makes it more difficult to compare hisotrical grades + tonnage ( statistics ).
5 - And in previous post i touched on the topic of, Slemon Lake zone and Strutt.
Did they confirm any " new minerals " to tie in the Nico trend.
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Ray Rock - historical Uranium Mine is ( IN BETWEEN ) rover and Nico.
And as outlined in a former post - Ray Rock's ( max ) detected copper values with in the tailings,
56,900 g/kg ( Cu )
Which translates to - 56.9 Kg's / per metric tonne
Or... 125 lbs / tonne ( 2200 pounds )
Translated - to current copper prices - of say...$3.50 / lb x 125 lbs ( Cu )
= $437.50
This project.... apparently focused on the iron gold.
But there's another geology outside the - iron zone.
Those grey milky bleached colored outcrops.
And... blue + green cores.
Chlorite is mentioned in press.
But... if chloride meets sulphides = chemical reaction = red hues are formed.
There's no red coloration. Not unless geo's mistaken this reraction and labelled it - garnets.
Which could be quartz stained ( sulphur + chloride reaction.
Bugow district could potentially offer up more....
If assayed for other minerals.
Which might segway into the topic of - Nico.
Our claims could be worth more than just the gold.
Based on - potential district scale strike - tying in Nico trend - minerals other than gold.
Don't get me wrong - i do like the Indian Lake claims.
But.... Bugow region along with ( all cores ) could be scrutinized a tad more - beyond the gold.
One mention of cobalt, copper or busmuth even uranium...
Could make a world of a diff - change the dynamics of worth - tying in, Nico.
District scale.
Cheers....