posted on
Apr 21, 2008 01:38PM

Precious Metal Exploration
Focused on exploration and advancement of mineral projects in Peru

Message: Re: SP
Mike,
jdc1 called the office and got a response.... Here is is post.
ven.
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 |
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