Step-out drilling has encountered a significant new zone of gold and silver mineralization approximately 200 meters east of the current La Bolsa resource. These initial drill results confirm the presence of high-grade gold and silver mineralization including 6.0 meters containing 12.063 gpt Au and 109.8 gpt Ag (19.7 feet with 0.352 opt gold and 3.20 opt Ag), and 20.5 meters containing 2.099 gpt Au with 35.4 gpt Ag (67.3 ft with .061 opt Au and 1.03 opt Ag). Six of the 19 drill holes completed during the current drill campaign targeted this new area of mineralization. While these results represent a significant expansion of the mineralized zone at La Bolsa, additional drilling is required to assess the extent and full potential of this newly discovered mineralization. In addition to core drilling in progress, a reverse-circulation drill rig has been mobilized to site to accelerate resource definition and expansion efforts.

This does not sound like a take out is pending to me, at least not yet.

Notie Girl