Re: UC Resources Ltd. Begins Drilling at Xora Claim, Mexico - Aafab
in response to
by
posted on
Sep 01, 2010 12:31PM
I most certainly agree Fantomas that such activity is deserving of a NR and it is common place to do so. What I like is that it demonstrates progressive forward motion, and as Lar stated in a very difficult environment.
One note in the NR that caught my attention was the reference to the mill at La Yesca, "The initial shallow drilling of these occurrences is intended to give guidance to a deeper and more thorough program with the intentions of building a resource capable of feeding future raw ore material to the La Yesca mill."
We all know that Jim keeps his cards close to his chest and rumours and leaks are very rare. One could deduce, if they were to read between the lines, that La Yesca is ( or will be very shortly) a full functioning mill. This to me is the punch.
If you look back at the history to 2006 there were numerous NRs that saw the SP head up to the .60-.80 mark. IMO none of these past NRs would be as significant as the La Yesca mill producing gold and whatever else Jim can find. What Jim has stated he would do , he is doing, despite the common place technical setbacks.
When the NR comes out with the results of the tailings and the production running numbers , look out.....this is going to get some attention.
This excludes the ownings in the ROF, which are damn big!!!
Cheers from the Middle East.
B.