Excellent AGM report from a SH poster named Davidming
posted on
Mar 21, 2008 10:02AM
Focused on becoming a near-term Gold Producer
SUBJECT: From the AGM | Posted By: davidming |
Post Time: 3/20/2008 4:15:06 PM 16:15 | |
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I was at the AGM. Nigel gave an update on all the projects with emphasis on Big M and Lynx and Onnaman where there they have crews working. They have completed a road into the Golden mile extension area of Jacobus and are anticipating progressing with stripping and channel sampling shortly. they are waiting on a number of drill hold samples from Big M and onnaman and news will be release when it arrives. With all the activity in the area the labs are backlogged so it could be in a week or take 2-3,the Big M area is where i believe they had some samples that they were referring to as "Butter Rock" because of the abundance of visible gold. They have allocated approx 6 mill to the beadmore area drilling over the next 10-12 months and are optomistic of moving towards a 43101 in the jacobus area towards the year end. They have been spending a fair amount of time staking more land and have essintially doubled the overall size of the beadmore claim area and will be posting an updated map representing their holdings on their web site as soon as it is completed. The gold hill project is moving ahead with high hopes. Overall there are expectations that May will be a very good month for Juniors and that results from kxl, sgx, not, atv will be flying over the summer as weather conditions enable effecient clearing, sampling and drilling opportunities.. Of course there are are expected drill results to released between now and May as well. At this point, until they have met the 43101 requirements in any of the areas it is impossible to speculate on the size of the resource in the ground. |