Precious Metal Exploration

Focused on exploration and advancement of mineral projects in Peru

Free
Message: Re: SP

Apr 16, 2008 11:29AM

Apr 17, 2008 01:00PM

Apr 17, 2008 05:56PM

Apr 18, 2008 10:43AM
1
Apr 20, 2008 02:32PM

Apr 21, 2008 10:15AM
1
Apr 21, 2008 01:15PM

Re: SP

in response to by
posted on Apr 21, 2008 01:38PM

Mike,

jdc1 called the office and got a response.... Here is is post.

ven.

Re: Hole 5

Posted by: jdc1 on April 21, 2008 05:20PM

In response to: Re: Hole 5 by coldminer

Okay, got off the phone with the folks at MMG.

Hole 5 is all but complete. Once the results get to the lab it'll take 2-3 weeks to get the results into a NR. My guess is we won't have anything til the middle of June.

The site for hole 6 is all cleared out and ready to go. All they need to do is move the drill. That should be happening in a week or two. They will be drilling hole 6 to a depth of 700m (the deepest yet)

They know there is mineralization down to 500m, it's the next 200m that could make things very exciting. If the mineralization from 500m - 700m is what they think/hope it is, we increase the tonnage of our copper from 50% to 100% (depending on grade, etc...)

I get the impression they are VERY excitied about starting hole 6 ASAP. They still do NOT have the 'C' permit in their hands. I don't know why.

My general impression is they are VERY excited about the project (especially hole 6), but their answers regarding timelines are ambiguous at best (ie:"should be in a week or two").

I think we won't see results from hole 6 for 2 months (2 weeks to move drill, 2-3 weeks to drill 700m, 1 month to get results). Obviously my own opinion, hopefully things happen faster then that.

Cheers


Apr 22, 2008 10:00AM
1
Jul 14, 2008 06:58AM
Share
New Message
Please login to post a reply