After talking to the company

At the current time there have been meetings with various parties but no deals have closed. Many good projects available for acquisition right now, but unless the company can secure title and then farm out the project to a joint-venture partner, they will not do the deal. This model was already successfully completed with the Black Banana Property

The company has an exploration office in Guyana and project geos are in the country. They are involved to review new poptential projects, and continue with field work at Marudi, as well as preliminary work at Black Banana as part of the earn-in work from our JV partner. Rexma is working to establish production from the alluvial deposits at Marudi but the best estimate we have right now is that they will be processing material in Q3 of this year. The start-up was delayed until the permitting and mining license was confirmed by the government, but it is on track now.

The company is reviewing the options for the Ontario projects because they have some flow-through capital that must be spent this year in Ontario. It is most likely that they will target the Borland Lake silver showing with a small drilling program, but it is also possible that a decision will be reached to test the Bearhead uranium target. This might happen in the summer.

Stay tooned