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Message: Hinchcliffe in Calgary

Thanks to rescue9 on another bullboard.

All good news.First I'll say that Galca was not discussed.GWY is going aggressive.Three drills now on Calif. with two more drills coming.One more for Calif. and one for Vetas,trying to put as many ozs as possible in the bag before an offer arrives.The Vetas status re:Paramo is non issue as the old mine(El Volcan) is grandfathered.Rough guesstimate for Vetas is 1 million ozs AU.Presently 18 holes at the lab in Peru(ALX labs,probably Lima) so some results due soon.Each hole from set-up to assay results is about one month.Money,$6 million on hand,more is needed in the new year.Majors' interest,there are confidentiality agreements signed.
Rob got a call from VEN's CEO to meet for breakfast in New York.He was thinking that Mr. Orr wanted to hash out some kind of deal for the fractional claims that GWY holds inside VEN's borders.Mr. Orr stated that as a good neighbor gesture that GWY should just hand over those fractions.Rob said "NOT" and they parted.Let's just say that apparently the relationship has cooled.Too bad.
GSL started off in Columbia on the wrong foot,not fostering good relations with the mining ministry so their problems at present may be a little bit harder to overcome but not impossible.They do have a lot of support in Calif. at the local level.
That's about all that's fit to print,if I hear more I'll post.
Would someone please cut and paste this post to the "other" forum.TIA

One more comment came to mind.Rob believes that there is a parallel trend to the presently known mineralization that converges into one on GWY's property.

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Nov 30, 2010 10:03PM
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