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Message: Re: what does this mean???
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Nov 18, 2011 01:58PM
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lb7
Nov 18, 2011 05:52PM

fpedro,

In regards to your question on "what is being referred to as the bonus target?"

The company made initially a strategic decision at a point to search for "deep drill targets" in doing so they happened to find a shallow drill target that had all the characteristics of an ideal target (potential high sulphide content...readings(2+%), convergence of multiple fissures (5+) normally associated.

This previously unknown shallow target was referred to by Lori as a "bonus" target because they found it when they were actually looking for a deep drill target and could now shift strategy to drill to a characteristically optimal shallow target with the benefit of the lesser expense and shallow rigs.

This target is where the shallow drilled, stockpiled cores that were recently sent en route to the labs were drawn from. These are also the stockpiled cores that when sent, were the reason that Lori called the blackout as a cautionary measure to protect all shareholders.

I was in attendance when this was discussed and believe this to be completely accurate.

S.

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