RE:News About Exploring EastFirst target the Fowler...very interesting and I do like the concept of the key Goldboro horizon plunging back to the west (further to the east in the Fowler Zone) thus re-exposing itself as a near surface target...very possible – not far fetched at all. Anticlines in Nova Scotia often plunge in opposite directions along strike, where they plunge changes (flip floping), a trough or a dome if formed. The domes are the hotspots for gold in NS.
Be interesting to see the VLF signature of the Fowler...is it hot pink again like it is in the Goldboro historic mine area? I suspect Signal may already have preliminary VLF info from the recent geophysics flyover. We have the mag data from the geophysics, but the VLF takes a bit longer to produce the final dataset...some massaging of the data is required before the final VLF product is ready..we shall see...expect to see the VLF PR in the coming weeks.
From the Signal looking for a deal perspective, this PR is interesting as Signal is focusing on the St. Barbara (Atlantics) gold claim extenstion to the east. Has Atlantic sharied data with Signal to let them know the plunge of the anticline seems to be shifting to a westerly plunge thus potentially re-exposing the hot Goldboro mine sediments back to surface at Fowler? Hard to say what St.Barbara is up to...really makes sense for them to join with Signal.
St.Barbara (Atlantic) paid a lot of money to secure a presense in Nova Scotia with 4 key properties. One is now mined out and the other three are about the same size around 500,000 ounces each. Goldboro is now 3.1 million ounces (old resource numbers given that we have had a pile of drilling since that number was published). If St.Barbara wants to secure a long term presence in Nova Scotia, what door would they be knocking on? Who is looking for a JV partner RIGHT NOW. Who has the cash and an idol mill ready to be moved to one of their other satellite deposits. Who understands gold deposits and with one look at Goldboro would see the vast underground potential of the deposit given a 3.1km strike length!!!!!!!!!!!!!!!!!!!!!!!!!! Who has recently operated a gold mill in Nova Scotia.
A new discovery in Nova Scotia would be historic as there has not been a new discovery in Nova Scotia in over a 100 years. The first gold rush in North America was in Nova Scotia...the old timers (hundreds of thousands of them) found every gold district we know of today...no new ones have been found YET!!. Will Fowler be the first in a long time or perhaps someone else will find a new discovery...there certainly are a large number of claim blocks staked in the eastern shore of Nova Scotia...mostly by Signal and a few other exploration teams including myself. Perhaps we will find an egg for Signal to hatch...not an easy task to accomplish that is for sure!
Their Stewart Trend has a lot of potential...be interested to see if they move there at some point and if Signal eventually sniffs out two other trends I am aware of to the north of Goldboro that are not in their recent list of hotspots on their vast mineral claim blocks.