drill assays
posted on
Nov 19, 2011 12:29AM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
In a post earlier today, I said that Jeff told me results would be released when Lori had enough holes to be representable of something. If that was 6-8 holes, she would release them, instead of waiting for the whole drill plan to be completed.
I was talking to Lori, and she confirms what posters here have been saying, that once phase one shallow drilling is complete, she will release the results, but didn,t say how many meters or holes that was comprised of. I had a slight double echo on the phone and thought I had my question answered, so let her go.
What I can make of it is;
She told investors at the meeting that we are around halfway done drilling the current program. (or at least, thats my understanding)That program consists of approx 10,000m as stated in NR,s. I did not ask her how many phases were in the program, but we know there is at least 2 phases, (the shallow phase and the deep phase). We know the deep phase consists of 3 holes 1500m each. That totals 4500m for the deep phase, and that will leave 5500m for the shallow phase. So, halfway of 10,000m is 5000m, and Lori said we are around halfway done the drill program, would suggest we are almost done phase 1 shallow drilling.
I got this from our technical report;
I couldn,t get it copied here for some reason, but to summarize it, it says that if minerilization, among other interesting things, are encountered while drilling the first hole in one of these targets, a step back hole should be drilled a little ways away, to define the extent of the mineralization, and more or less, get another grade from a little ways away, for comparison.
I am not sure how the above came out, but if they did some of this step out drilling along the way, I can understand why drilling has gone a little slower. This would add meters to the current drill plan and would mean that they found something worthy of stepping back 25-50m and putting another hole in the target.
If it takes til Christmas to get the full shallow drill results, thats ok with me. If Lori is gonna pursue the AMEX listing, she will have to retain the sp support around current levels, this will undoubtedly mean other news to come before that time. If she holds true to her words of trying to better communicate with us, we may see some other interesting things released during this time frame.
Lori was happy and very pleasant in our short conversation, but I can,t help but feeling, she was holding back more good things she couldn,t say. I am only speculating, but thats my feeling.