From the Horse's Mouth
posted on
Dec 03, 2010 12:31PM
Focused on the Rice Lake Gold Belt
I phoned public relations and talked to Adrian. He was quite forth coming and told me the following things.
1)- We will hear news first on the Nova Soctia property, probably next week. The news will be good, if not very good.He actually said, without putting on my promoters hat, tremendous.The reason being is that they changed the drill hole angle and as a result the intercepts are much longer and of a good grade as well.
2)- In regards to Rice Lake. They will release a large number of sample results in the upcoming weeks. The staff is very enthusiastic over the chances of success in one area in particular. This is a priority one target which previous work and drilling seems to be confirming that it has all of the right ingredients for a real hit. It is located in a swampy area and it will be drilled after freeze up.
3)- In regards to the share price, he told me that there has been a big seller who has dumped three million shares of the stock during the last five weeks. This took the momentum out of the stock, which otherwise would have traded higher than its present price.