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Message: Recent Activity Based On Outstanding Assays?

Recent Activity Based On Outstanding Assays?

posted on Mar 31, 2008 10:23AM

Any speculation as to whether there was a leak of the pending results or was the increased volume just aggressive bottom fishing?

The 5000m drill programme was to begin the week of Jan 18th. The increased activity started Feb 22nd and declined after the trading halt on Feb 27th.

We have completed 65% of the drill programme with 8 drill holes remaining (assuming the 15 holes already drilled are complete).

If we started drilling around the 18th of January and completed 15 holes by the end of March - this equates to roughly 1.5 holes per week. The increase of trading occurred 5 weeks into drilling where we would have drilled 7 holes (this is all assuming a somewhat linear timeline).

It should take another 5 weeks to complete the final 8 holes.

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