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Peter Bell @peternbell
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1/ See another excerpt from the #NewtonInterviews with #TheUnknownGeologist and #BobMoriarty on the @Anaconda_Mining Goldboro Project recorded back on August 24, 2017!
2/ The Unkown Geologist: Back in 2000, when Orex did some follow-up work on it I reached out to them and said, "I can help." Then, I joined the Board. It was unfortunate that all the people on the Board didn't really know what they had.
3/ They raised a lot of money and got Osisko in there to look, which helped them gather a lot of information, but they didn't find what they were looking in terms of a big open pit. Nobody followed up on all these high-grade intersections, even though I was beating the drum
4/ "Let's go, let's go!" They seemed more concerned with paying rent for their office rent and making $250,000 a year, than really focusing on addressing what this deposit could be.
5/ I have two press releases in my hand right now from Osikso when I was on the Board. I took them to the Board meeting and said, "Is Osisko still with us? Look at these holes. When we mined at Forest Hill, six grams per tonne over a meter-and-a-half was economic.
6/ Look how many intersections of six grams per tonne you have in these Osisko holes! We need to do a high-grade model. Please, let's just do a high-grade model because it's obvious this big open pit is not there." Nobody moved on it. Nobody. It was frustrating.
7/ I am still here now. I'm really happy that Anaconda is actually listening now because this thing has never been drilled to make a model for a high-grade mine. The infill drilling numbers are going to be incredible with so many intersections of over 1,000 grams per tonne.
8/ Those are the key targets – those are high-grade ore chutes. You could be mining at one to two ounces per tonne in those areas.
9/ The ribbon model for this deposit is shaped like a long cigar. There are 20-30 meters of these really high-grade areas, but you have to understand the structure behind those areas. I have a theory for that, which I did on paper and pencil back in '89.
10/ It has some validity to it based on all the work that I did and the limited information we had at the time. I don’t want to get into the detail of that right now, but I do want to mention it because it is something that I believe could help with exploration today.
11/ Another point I'd like to make here is Dolliver Mountain, which is about 2.5 kilometers to the west of the main part of the Boston Richardson area. Osisko drilled five holes out there and, unfortunately, didn't hit anything. That was due to poor planning and execution.
12/ I went to the site to look at a couple of the holes and when they laid out just one hole for me I could see that they never hit any belts at all. It was all greywacke. When I looked at the core from the entire hole, I was shocked.
13/ I said, "You never came close to the anticline." They geologists from Osisko said, "What do you mean?" It was tough, but I carried on with the conversation. I said, "Well, look at the exsolution cleavage in the core – it's all the same angle."
14/ They were drilling perpendicular to the anticline (where the thicker pay belts are), but never intersected it. A beautiful thing about geology here is that you can tell within a box or two exactly where you are on the anticline based on the exsolution cleavage in the core.
15/ Bob Moriarty: I am astonished that you didn't manage to convey this. None of what you say is a new theory and none of what you're doing is anything other than basic geology.
16/ Bob Moriarty: If you understand saddle reef and Nova Scotia, then you would look at their stock price and think "This is crazy!"
17/ Thanks to #BobMoriarty and #TheUnknownGeologist for allowing me to publish a transcript of our first conversation on the Goldboro Project owned by @Anaconda_Mining!…
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