Re: LRU-SOR News... (Great summary) - Thanks
posted on
Aug 29, 2008 10:50AM
Focused on becoming a near-term Gold Producer
Great.
In the recently released 'Technical Report on the 2005/2006/2008 Surface Diamond Drilling Programs Prepared for the Kerrs Gold Property'... a 1,700m Phase 3 program was recommended at a total cost of $319k. BUT... keep in mind... this technical report was completed re: previous Kerrs drilling... i.e. Bell Lake area... much NW and before knowledge of recent EXS-v discovery. Mgmt has already told us via Agoracom that Kerrs drilling plans have been changed in light of this discovery... we just don't know what they are yet. I would guess they may contiune with reccomended Phase 3 program as they do seem to be on to something there... and supplement with Phase 1 program near Kerrs/EXS-v border. But that's JMHO. A previous SH EXS-v poster who seemed to know everything (but has since disappeared) posted previously that SGX had provided intelligence to EXS-v that basically guided their drill hole locations... maybe this is true maybe it is not... if it is you can bet EXS-v will likey return the favour as it would seem they have gained significant intelligence of their own with recent drilling. Who knows!
JMHO.
red911