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Message: Re: Ice drilling...
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Feb 19, 2010 08:50AM
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Feb 19, 2010 08:58AM

Have to agree with Red on this one.... If it really was a priority they would find a way... smaller drill rig, put a drill on a barge, whatever. So one concludes that the extra cost to make sure the drillers are safe exceeds the budget allocated for this project. Everything to the west of the lake was low grade (towards SGX) everything to the east GM results. The interest under the lake/pond is that the formation turns north, hence a fold which is always of interest because of the potential for high gold grades. Given the new and welcomed fiscal responsibility, purhaps the risk/cost/reward has put this one on hold for the time being.

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Feb 20, 2010 07:27PM
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