LATEST DEVELOPMENTS...
posted on
Oct 20, 2016 10:14AM
Abitibi has produced more than 180 M ounces of gold and more than 450 Mt of Cu-Zn ore to date
This weeks posting is coming later than usual. I was kidnapped last weekend by the dark forces contributing to the EXS/EXSFF boards. They dragged me to a back room of a small, obscure little coffee shop somewhere in Timmins, and tied me up to a chair. For the next three days, four octanigerian confederates, took turns describing every unsuccessful drilling, all around the Glencore Kidd mine, starting in 1964, to the present day. Then they took turns bombarding me with all the reasons why Teck is going to give up on the TPW, and, then, if that wasn’t enough, why EXS/EXSFF should abandon the Ogden claims! Just when I thought I would explode from all this negativity, Philly Jack, Saskwatch, and Hey Stupid overpowered my captors, and set me free. So, better late than not at all. Firstly, to make everything official, CD needs to have the ‘Minutes’ of the video conference with Teck. Those are being transcribed as I write. Once received, CD will create a News Release, which in turn will go through the customary approval process with Teck, prior to its official release. How long that takes is entirely in Teck’s hands, although I know CD will push hard to get it done as quickly as possible. Secondly, with an intention of wedging from at least one hole north of the Kidd mine, the downhole IP geophysics firm is making progress on the preparations leading up to that. Again, timing for hole re-entry is in that contractor’s hands, pushed again by CD to ensure it takes place ASAP. Personally, I really like the company’s new website launched last week. It contains far more information about all of the company’s properties than the previous site. The 2,000meter drilling campaign recently announced in regards to the company’s New Brunswick copper properties is underway. I was happy to learn that a very experienced geologist friend of mine is spearheading that program. He has been associated with ongoing work at this site for many years now, so the program has been well thought out, and IMHO, should yield some interesting results. I’m hearing rumblings about a potential Joint Venture, or Earn-In Agreement involving the company’s East Bay properties, and will provide details as they become known to me. Its also probable that the company will be doing some work at the PG-101 property prior to year end, although, again, I have no details as yet. Lastly, prep work continues in regards to the previously mentioned Newsletter coverage, and should be commencing shortly…