Galahad Metals

4 projects in Ontario, Quebec and Nevada (Gold, Silver,Copper,REE)

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Message: Re: Update - some facts wrong from the SH poster (ss1867) - matt
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Jun 01, 2011 09:33PM

Jun 02, 2011 11:02AM
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Jun 02, 2011 11:56AM
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Jun 02, 2011 12:49PM
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Jun 03, 2011 07:27AM

I was at the Vancouver Resource Conference and I talked to both Wayne Meredith and Robin Dow today. Wayne told me that there were 13 holes drilled. Most of them are still getting cored and logged but he thinks the first 3 holes either have already been shipped to the lab or will be soon. He is hoping for his first assay results in 3-4 weeks. I said that sounded a bit optimistic and he just said you have to be an optimist in IR. Wayne also said that a lot of the neighbours have been sniffing around asking how they are doing. I assume he was talking about being a possible takeover candidate. Wayne also said that the Snr Geologist being on holidays may have slowed things down a tad but he is back and they are working the weekend to get as much core to the labs as soon as possible.

I also talked to Robin and he confirmed the PP is to be at 30c with a 50c warrant for Red Ore. He also said the PP is not yet fully subscribed to so if you do want to get in on it to contact your broker to do just so. I have enough of my money invested in Exporco's so I am not going to take advantage of that offer, but he said anyone can get a piece of the action for as little as $1200.

Bob

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