RE:RE:RE:Level 2 + Drill ResultsAgreed we did not see the big multi-meter thicknesses that have become accustom to seeing in Goldboro.
At the Forest Hill mine (20 kms north of Goldboro) where I worked as an underground mine geologist (1980s), if we hit 100 g/t over a half meter in drilling we would be very excited. We would immediately target several new drill holes to determine if this narrow vein high grade continued along strike. If successful we would drive a development drift underground to intersect this high-grade and start mining it at 1.2 to 1.5 meters wide (minimum mining widths).
One can make a lot of profit mining narrow veins at 6g/t.
Signal is of course is looking for wider open pit material but this narrow high grade can be profitably mined underground if an open pit is not economic in a given location. Drive a development drift from the open pit to the narrow vein high-grade, blow it up and ca$h it in.
This drilling will add ounces...not the big ounce adds we are used to...but ounces none the less.
Looking forward to the Dolliver Mtn drill numbers...lots of news to come including a resource estimate!
Happy Holidays