$ 7.7 M for winter drilling
$ 3.0 M for summer drilling
Budget Winter 2010 C$
Phase 1 Program - January 1, 2010 to May 31, 2010
Head Office Services
- Project Management/Staff Costs 420,000
- Expense Accounts/Travel Costs 50,000
- Communications
(telephone/fax/radio/hardware/software) 10,000
Camp Costs 540,000
Incl. food, core boxes, oil, propane, lumber
Consultants -- Geophysics 22,000
Diamond Drilling -- $195/m x 26000 m in 80 holes 5,018,000
Downhole probing 40,000
Analytical Data – 80 holes
- Assaying/geochemistry 666,000
- PIMA Analyses 50,000
Transportation
- Charter aircraft/helicopter
- Trucks, skidoos 100,000
Mineral Resource Update 50,000
Water Management
Metallurgical Testing 50,000
Winter Road Access 20,000
Tenure (Option Payments, Fees, Permits) 2,000
Shipping (Couriers, freight) 10,000
Sub-total 7,068,000
Contingencies - 10% 706,800
Total 7,774,800
Phase 2 Program – June 1, 2010 – December 31, 2010
3,000,000
Continued definition drilling of the RRZ from a barge on
McMahon Lake plus follow-up of any encouraging results;
Head office and camp maintenance, continued drilling,
geophysics, metallurgical testing, resource estimation, etc.
