Re:stockpile contains Gold - and higher than 0.5 Au g/tPrevious post worthy of a repeat as you have your weekend beverages of choice and do a little DD - notwithstanding the time delay since this was originally posted, that we have all experienced as a result of the obvious SP games that have been played over the past year ( check my post on this topic from Friday morning )
Next steps for PHD
Are the share price games over? Next weeks trading will tell us the story....if they are, then:
Secure financing
Drill baby drill
Cheers to your weekend folks
December 17, 2021 - 03:29 PM
47 Reads
Post# 34241855
RE:Stockpile contains Gold - and higher than 0.5 Au g/t
Repost from Nov 25
2021Gamble wrote: Simple fact is, the 2019 stockpile assay results were good (and the share price appreciation at the time shows that). Below are the 109 Assay results from the Stockpile (Sept and Nov 2019 news releases). Sorted by Au g/t. Sample # and news release date included - the 'c' is for column of the news release table so that you can go and verify yourself
109 sample results from Assaying were provided in those press releases. The company included the low grade samples - they were not trying to hide or mislead investors.
35 of those samples graded <0.50 Au g/t representing 126.91 kg sampled (38% of total weight)
64 of those samples graded 0.51 -> 4.632 Au g/t represeting 186.89 kg sampled (56% weight)
10 of those samples graded >5 Au g/t representing 21.11 kg sampled (6.3% by weight)
of these 10 "outliers", 5 graded higher than 10 Au g/t, with a 253.6 Au g/t in a 1.54kg sample
208kg of 334.91 (62% by sample weight) graded higher than 0.5 Au g/t
Simple fact is, the stockpile has significant gold, and much higher than the 0.5 Au g/t
none of the samples delivered zero gold. There are multiple stockpiles present on the Providence site, with this one first one identified at 8200 sq. meters, and was auger drilled to bedrock with a 'straight average' depth of 4.5 metres, with the deepest hole drilled 19.5m to bedrock - this confirms that this stockpile is likely >36,900 sq metres with upside potential based on the 10.5 to 19.5 m drill depths acheived
Kozmo himself concluded that PHD is being "wash-traded' to hold the price where it is , and GivemeBreak this summer was predicting a new 52 week low in advance of financing. Bashers posting every day on a stock, a new 52 week low, wash trading all point to one thing - a great buying opportunity imo
after all, by weight of the samples taken:
50% of the samples graded higher that 0.97 Au g/t, with an outlier high of 253.6 Au g/t - sample 2980542 in this list - underlined is the mid-point by weight of the samples 166.95 kg above line (<=0.94 Au g//t), 167.96 kg below line (>=0.97 Au g/t)
25% of the samples by weight (28 of 109 by number of samples) graded >2 Au g/t.
6% of the samples by weight (10 of 109 by number of samples) graded >5 Au g/t
Based on the above, it is laughable that "some" profess a 0.5 Au g/t in the stockpile, and the upside potential is certainly present which is what investing in a junior miner/explorer is all about. The stockpile drilled depth of >10m in places, significant nugget effect, course gold based on the assays, and multiple stockpiles on site.
if only 25% of the stockpile grades 3 Au/t which is consistent with the assays
= 36,900 x 25% = 9225 x 3 Au g/t = 27675 x 77% = 21309 grams : 21309 / 31.1 = 685 oz
the above would be an extremely conservative estimate as it is based on only 25% of the stockpile
and what of the outliers - 2% of the assays (6.78kg), yielded >34 Au g/t...apply that to the stockpile - 36,900 x 2% = 738 x 34 = 25092 x 77% = 19320 / 31.1 = 621 ounces.
I choose to believe the assays as opposed to Kozmo ... and they show gold present, and in some cases significant values . If we use the assays, 27% of the stockpile produces 1300 oz recovered gold, and then add in the other 73% of the stockpile at a lower grade and with the lower 66% recovery .... gold....just waiting.
as for the auger drilling - yes PHD assayed those samples too, but that drilling was to determine depth, not grade - only a core sample would have given accurate grade and that would have been near impossible in stockpile material.
cheers folks
Sample # KG Au g/t Sample KG
2980516 1.55 0.010 Nov 5 2019 c1 126.91 kg samples 1-35
2981035 4.67 0.010 Nov 5 2019 c3
2981036 7.33 0.010 Nov 5 2019 c3
2981016 4.05 0.020 Nov 5 2019 c2
2981050 5.17 0.020 Nov 5 2019 c2
2981049 5.28 0.030 Nov 5 2019 c1
2981021 3.15 0.030 Nov 5 2019 c2
2981457 4.66 0.030 Nov 5 2019 c3
2981030 5.54 0.040 Nov 5 2019 c3
2981032 3.98 0.040 Nov 5 2019 c3
2981047 9.20 0.040 Nov 5 2019 c3
2981046 6.02 0.050 Nov 5 2019 c3
2981038 5.60 0.060 Nov 5 2019 c3
2980523 2.20 0.070 Nov 5 2019 c1
2980528 1.47 0.100 Nov 5 2019 c1
2981033 6.36 0.110 Nov 5 2019 c3
2981034 6.32 0.120 Nov 5 2019 c3
2981022 2.21 0.150 Nov 5 2019 c2
2981045 6.41 0.170 Nov 5 2019 c3
2981026 4.48 0.190 Nov 5 2019 c3
2980519 2.05 0.200 Nov 5 2019 c1
2981456 6.27 0.280 Nov 5 2019 c2
2981028 3.91 0.280 Nov 5 2019 c3
2980279 1.21 0.308 Sept 4 2019 T2 c1
2980291 1.64 0.318 Sept 4 2019 T2 c2
2980293 0.73 0.319 Sept 4 2019 T1 c1
2981051 0.34 0.319 Sept 4 2019 T1 c2
2980284 1.28 0.330 Sept 4 2019 T2 c2
2981178 1.04 0.333 Sept 4 2019 T1 c1
2980295 0.55 0.337 Sept 4 2019 T1 c1
2980275 1.87 0.363 Sept 4 2019 T2 c1
2981176 1.70 0.396 Sept 4 2019 T1 c1
2980253 1.39 0.448 Sept 4 2019 T2 c1
2980290 1.37 0.464 Sept 4 2019 T2 c2
2981043 5.91 0.480 Nov 5 2019 c3
2981037 3.46 0.510 Nov 5 2019 c3 186.89 kg - samples 36 to 99
2980297 0.50 0.534 Sept 4 2019 T1 c1
2981042 6.60 0.590 Nov 5 2019 c3
2980547 4.93 0.650 Nov 5 2019 c2
2981172 1.09 0.655 Sept 4 2019 T1 c1
2981062 0.66 0.666 Sept 4 2019 T1 c2
2980288 1.84 0.681 Sept 4 2019 T2 c2
2980254 2.81 0.732 Sept 4 2019 T2 c1
2980543 3.43 0.750 Nov 5 2019 c2
2981174 1.34 0.754 Sept 4 2019 T1 c1
2981194 1.96 0.760 Sept 4 2019 T1 c1
2981027 6.10 0.840 Nov 5 2019 c3
2980292 0.53 0.902 Sept 4 2019 T1 c1
2980542 4.79 0.940 Nov 5 2019 c2
2981029 4.49 0.970 Nov 5 2019 c3
2981044 8.45 1.000 Nov 5 2019 c3
2980533 4.72 1.010 Nov 5 2019 c1
2981041 3.11 1.020 Nov 5 2019 c3
2981171 2.37 1.031 Sept 4 2019 T1 c1
2981031 2.92 1.040 Nov 5 2019 c3
2981064 0.44 1.145 Sept 4 2019 T1 c2
2980298 0.54 1.159 Sept 4 2019 T1 c2
2981015 3.53 1.200 Nov 5 2019 c2
2980527 1.17 1.300 Nov 5 2019 c1
2981061 0.52 1.407 Sept 4 2019 T1 c2
2981054 0.62 1.417 Sept 4 2019 T1 c2
2980289 1.30 1.424 Sept 4 2019 T2 c2
2981170 1.86 1.481 Sept 4 2019 T1 c1
2980534 2.83 1.500 Nov 5 2019 c1
2980546 3.98 1.500 Nov 5 2019 c2
2981175 1.45 1.531 Sept 4 2019 T1 c1
2981053 0.72 1.566 Sept 4 2019 T1 c2
2981056 0.70 1.583 Sept 4 2019 T1 c2
2980539 5.28 1.590 Nov 5 2019 c1
2981060 0.46 1.656 Sept 4 2019 T1 c2
2981025 5.32 1.730 Nov 5 2019 c2
2980548 4.86 1.750 Nov 5 2019 c2
2981058 0.67 1.773 Sept 4 2019 T1 c2
2980531 4.20 1.780 Nov 5 2019 c1
2981063 0.66 1.893 Sept 4 2019 T1 c2
2980299 0.62 1.927 Sept 4 2019 T1 c2
2980525 2.16 1.950 Nov 5 2019 c1
2980545 6.15 2.000 Nov 5 2019 c2
2980549 5.08 2.000 Nov 5 2019 c2
2980252 1.21 2.015 Sept 4 2019 T2 c1
2980521 3.58 2.020 Nov 5 2019 c1
7 0.67 2.040 Sept 4 2019 T2 c2
2980530 2.89 2.170 Nov 5 2019 c1
2980285 1.31 2.349 Sept 4 2019 T2 c2
2980544 4.49 2.390 Nov 5 2019 c2
2980538 4.72 2.610 Nov 5 2019 c1
2981018 1.58 2.900 Nov 5 2019 c2
2981180 0.99 2.922 Sept 4 2019 T1 c1
2980529 4.88 3.130 Nov 5 2019 c1
2980271 2.18 3.133 Sept 4 2019 T2 c1
2981024 5.60 3.150 Nov 5 2019 c2
2980524 3.19 3.300 Nov 5 2019 c1
2980541 6.63 3.360 Nov 5 2019 c2
2981023 2.05 3.410 Nov 5 2019 c2
2981059 0.71 3.425 Sept 4 2019 T1 c2
2980532 5.11 3.760 Nov 5 2019 c1
2980262 3.57 3.772 Sept 4 2019 T2 c1
2981048 8.77 3.780 Nov 5 2019 c1
2980261 1.54 4.632 Sept 4 2019 T2 c1
2980520 3.46 5.270 Nov 5 2019 c1 21.11 kg (samples 100 - 109)
2980535 1.92 5.380 Nov 5 2019 c1
2980536 3.86 5.420 Nov 5 2019 c1
2980277 1.67 9.224 Sept 4 2019 T2 c1
2980280 1.54 9.567 Sept 4 2019 T2 c2
2981019 1.37 17.600 Nov 5 2019 c2
2981169 0.51 18.700 Sept 4 2019 T1 c1
2980522 3.55 34.500 Nov 5 2019 c1
2981017 1.69 94.100 Nov 5 2019 c2
2981020 1.54 253.600 Nov 5 2019 c2
109 samples 334.91 334.91 kg