Post by
GoldNHill on Feb 12, 2021 9:50am
Timing of Goldboro Resource Estimate
Simply looking at the calandar Q1 for ANX ends in 6 weeks. I am really looking forward to this updated Goldboro Resource Estimate.
Previous estimates for the Goldboro deposit were around 1.4 million ounces. Given that a heck of a lot of drilling has been completed since then AND with the expanded plans for a much larger open pit with lower cutoff grades (0.5g/t instead of 2.0 for ungerground), we should see 1.8 to perhaps 2 million ounces of gold (JMHO)!
At 1.4 million, Goldboro was about 3 times larger than any other single gold deposit in Nova Scotia....looking forward to 4 time and as I mentioned, there is a lot more gold to the West towards Dolliver Mountain where ANX has completed little if any drilling. I was hoping that they could poke a few holes out in their Western claim blocks to proove continuity and grade, but understand focusing on current resouce makes sense, then expand West when the profit dollars start pouring in.
Goldboro could host 3+ million ounces of gold as it is open West, East and at depth.
Comment by
SgtFriday on Feb 12, 2021 4:27pm
I think someone out there read your analysis (except Mr. $.62). With all the blue sky in front of us, why open an umbrella? If not someone still trying to pay for their warrants, then something else.