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Peter Bell @peternbell
, 14 tweets, 3 min read Read on Twitter
1/ The Unknown Geologist: There are a couple of key aspects of the Goldboro property. The thickness of the stacked units/belts there are great. All belts plunge 25 degrees to the east...
2/ the best example of this is the Boston Richardson Mine itself, which was one belt mined from surface down to 700 feet. It had a 400-foot shaft. We drilled out to the east down to 1250 feet and it's still there. There was one sample that ran a half-ounce over five feet.
3/ That was in the deepest hole ever drilled on the property. The Boston Richardson still has high-grade gold at depth!
4/ If you look at that one Boston Richardson belt in the saddle reef, then there's your basic model for Goldboro. Historic records document two high-grade ore chutes in the Boston Richardson mine.
5/ I did some work at Goldboro for about two or three months, just pencil and paper stuff many years ago before all this high-technology.
6/ I have a structural control theory on why those high-grade ore chutes are there on both limbs in Goldboro, not just one like Forest Hill. When they theory is applied to the model, it lines up nicely.
7/ I've had several discussions with the Anaconda folks about my structural control theories, but I don't think they really realize what they're sitting on at the moment. They will.
8/ Bob Moriarty:I'm looking at their stock. The market doesn’t know, either.
9/ Unknown Geologist:No idea. And that’s just one example. They drilled one hole recently that was 485 grams over 2.6-meter core length.
10/ Bob Moriarty:I saw that.
11/ Unknown Geologist:That is probably a two-meter-wide belt. It was 33 meters deep.
12/ I think they are planning to do a bulk sample and I said, "Take one drill, go 25 meters to the west, and drill a hole up dip -- if you hit it again, then go 25 meters to the east and strip it off," Fifteen and a half ounces per tonne over two meters would be nice.
13/ Even if it's one ounce with dilution – 10,000 tons of that could go on one barge. Send it to the Anaconda mill and they could get most of last year’s production on that one barge! Then, you can finance further infill drilling.
14/ Find the transcript from the first part of the call where #TheUnknownGeologist introduced #BobMoriarty to the Goldboro Project owned by @Anaconda_Mining:…
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