Recently completed high-resolution airborne surveys, using three helicopter-mounted systems, flew 10,000 line kilometers of AEM (electromagnetic) and magnetic surveys for MacDonald and its joint venture partners, Temex Resources and Baltic Resources. The Company is analyzing this data and initial interpretations indicate that gabbroic hosted nickel sulphide drill targets can be identified.
The Drill Targets
1. The Original McNugget Property
2. The McNugget Property Extension
3. The MacDonald Joint-Venture “Hornby” Property in Close Proximity to Noront’s Eagle One Discovery
4. The MacDonald Joint-Venture “Adelaide” Property
I'm hoping that there is enough cash in the kitty to complete this phase of drilling.The last phase was 12 holes,2067 meters and they started with about $8.5 mil.If any warrants have been exercised(doubtful) this would add some $$$.
IMO the combination of new and re-visited targets show some promise.The one thing I would personally like to see from BMK is a better info flow to us,the retail holders.Perhaps I will start a regularly scheduled phone campaign with a reliable member of the BMK geo staff.I already have a toll free number for Mr.Durham(TME) and he did encourage me to call anytime.GLTA.
cs.