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Message: New video from Al K.

New video from Al Korelin: http://resourcespots.com/industry-watch-del-steiner-explains-what-to-look-for-over-the-next-couple-months/

Del expects the total resource ounces to be restored (1.2m oz. +) with most ounces in the much better Indicated category. . . . with the upcoming infill drilling due to begin any day. . . .

As I mentioned before, the last page of the Corporate Presentation (graph) states a substantial 2013 drill program. Depending on the funding, I'd guess they are aiming for a total of near 2m oz. next year. . . . .

Also, as an aside, I read a few articles about new open pit mining technology and how BHP Billiton and Rio Tinto are starting to use driverless mining trucks and portable crusher-sizer processing capabilities which can be moved in a day's time closer and closer to open pit mine operations, literally within eye site of/or within an open pit. This is expected to significantly reduce fuel, labor, equipment costs, and other expenses for open pit mining by 50% to 90% (according to a different article.) The info was forwarded to Del Steiner in case the info could be of some current or future use in discussions and/or for economic feasability and permit considerations. This approach and technology could shave significant cost and time off the of the mine construction process as well as the actual day-to-day mining operation itself. http://au.ibtimes.com/articles/400250/20121031/bhp-billiton-test-use-robot-trucks-jimblebar.htm

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Nov 06, 2012 11:45AM
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