Summary of Placer Gold at Deer Cove Westfirst fully 1...a very attrative niche discovery of up to 90,000 ounces lying near the surface
2..The last ice age being a mere 12,000 years ago, glacial drift has been very modest indicating that the source gold nodes are right below the placer gold
3..Being located in a valley surrounded by hills, its probable that erosion of gold nodes from the sides of those hills has been contributing to the placer gold in the valley beneath
4..combining the first three points , there appears to be ubiquitous gold with excellent indicators that show the Deer Cove complex may contain substantial gold resources that have yet been drilled or completely explored
Can that placer gold be easily mined ?
That depends on its accessability to excavation and the amount of clay over burden.
That is beyond my current knoiwledge.
But, once again, we see what has been seen for over 100 years...that the Baie Verte Peninsula is very rich in mineral resources of many types , few of which have been fully explored and even fewer
fully mined .
Luckily, by patient accumulation, we are the owners of much of this area and the facilities to mine , process and export the products of those mines.
Let there be no doubt that Maritime is vastly undervalued, stocked with a full pantry of metals that few mining juniors can even contemplate, almost all of whom cannot mine nor mill what lays beneath their feet .
if you bought in high, and if you have the spare capital, bring your average down with these cheap rights shares.
You never know when an offer might come ..
AIMHO
GLTA