RE:RE:Coffee Time ....... Gold in every hole ......The results look the same as all the other press releases...excellent grades decent widths.
In this case taking just the two highlighted intersections (17.97 and 19 g/t over 2.5 and 2.4 meters erspectuflly). If the grades are consistent for 100m along strike and the ore shoots intersected are only 20 meters high (specific gravity of a ton of rock 2.8), just these two intersections have definded a new additional dollar value of $56,103,050 Canadian to the multi-billion dollar Goldboro Deposit.
16,200 +++ net new ounces of gold to add to the resource for just the two drill intersections noted in the latest PR.
In these calculations, as noted 100m, was used...the Boston Richardson was one quartz belt that was mined from surface down to 750 feet deep (228 meters). Mining stopped on the Boston Richardson as the mine flooded and the old timers could go no deeper! Some of the deeper historic drill holes that targeted the extension of the Boston Richardson Belt at depth intersected it at about 400m deep....so proof that these wider ore shoot zones present excellent continuity...so the 100m strike length used in the above calculation is very conservative.
St Barbara would be an excellent JV partner....move the existing mill from the now exhausted Touquoy gold deposit to Goldboro and run it for decades. The mill St.Barbara has is the exact design that Signal Gold indicated they would build at Goldboro using the same company that St. Barbara used to build the Touquoy mill. St.Barbara will be smart enought to recognize the potential that this saddle reef type deposit presents at depth...the now 3 open pits are just the tip if the iceburg of the gold in cold storage....time to unlock the treasure.
HALT THE STOCK - SIGN A DEAL WITH ST. BARBARA PENDING RECEIPT OF REMAINING PERMITS...
LET'S GO!
Kevin and Rob have not bought in many months...they gotta be blacked out as they have a deal in the works...DD by a JV or purchasing company takes time...maybe the new co wants to see if there is a 3 pit at Goldboro....well it sure looks like it!!!