1/ It was tough to sit on the transcript of the call where #TheUnknownGeologist introduced #BobMoriarty to the Goldboro Project owned by @Anaconda_Mining, but the waiting makes it all the better to release now with permission: ceo.ca/@Newton/the-un…
2/ The Unknown Geologist: When Osisko was drilling the property a few years back, they had a deal to take 50-70% of the company. They drilled it as a low-grade, high-tonnage open pit mine and weren't happy with the results.
3/ They were looking for a hundred-meter-wide zone, like in Malartic where they had a mine that was eventually running at something like 55,000 tonnes per day at 1.1 grams per tonne. They were looking for the same thing in Goldboro but they didn't find it.
4/ Before they walked away I said to the Orex Board of Directors, "We don't have this giant open pit, let's do a high-grade model." That's where we got Peter Webster of Mercator Geological Service involved.
5/ When he was awarded the contract to do the technical report on Goldboro, I said to him, "If it comes up at half a million ounces of five or eight grams, then do you think that would be good?". He just looked at me and said, "you're not going find that in Nova Scotia."
6/ I said to him, "when you finish this report, I think you'll be pleasantly surprised." He said, "we'll see."
7/ After Peter had completed the technical report, I went in to chat with him and I said, "What do you think of Goldboro now?". He said that he had no idea. He said this is by far the best thing he's seen in the province.
8/ Bob Moriarty:The grade, the number of mineral occurrences is unbelievable.
9/ Unknown Geologist:The interesting thing about this deposit is the history.
10/ Forest Hill is a very dangerous place to walk around in the woods because there are so many pits! When they found gold on surface back in the turn of the century, they dug 20 meters deep, pulled out, moved along strike and dug down again. There are holes everywhere.
11/ It's common to see high-grade. The historic stuff you get in some quartz veins are running hundreds of ounces per ton, but they're only 10 centimeters thick. They just popped those out and made lots of money.
