Posted by Gordo25 on another board:

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From Brian;

"We are receiving assays now and should have enough information to properly interpret the results and release the data soon. We will be adding a second drill rig next week to speed up the process and complete some deeper drill holes on the Golden Mile. We have been doing a lot of drilling away from the Golden Mile as we believe we have identified several targets that have the potential to augment the Golden Mile in terms of potential resource ounces. Ultimately, camps like Beardmore-Geraldton are composed of multiple variably sized deposits whose cumulative output is derived from each of these discrete deposits. Given our land package, we need to evaluate these showings rapidly in order to determine which projects to keep and which projects to let go. As you know, property options require scheduled payments and I would not want to make a big payment for a piece of ground with limited potential."

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My comments (in bold):

"should have enough information to properly interpret the results and release the data soon"

Doesn't sound like they have hit something so big that no interpretation is needed.

"We will be adding a second drill rig next week to speed up the process and complete some deeper drill holes on the Golden Mile"

Good news- especially the deeper wholes. But why wait until now to add a second rig or drill deep?

"We have been doing a lot of drilling away from the Golden Mile as we believe we have identified several targets that have the potential to augment the Golden Mile in terms of potential resource ounces."

Enough with the "potential" already.

"Given our land package, we need to evaluate these showings rapidly in order to determine which projects to keep and which projects to let go."

So which projects have you evaluated so far? What were the conclusions for each?

"As you know, property options require scheduled payments and I would not want to make a big payment for a piece of ground with limited potential."

So how did you determine the "potential" of the new acquisition? Was it a better use of limited funds than putting the money into drilling up the gold deposits?