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Message: PDAC

PDAC

posted on Mar 09, 2010 04:49PM

I spoke mainly to Bill Ferreira I was there early Sunday. When I asked about the Massive Deep they feigned to have no knowledge of this and the fact sheet they were presenting at the show had had the drill core and caption about the deep abundant massive sulphide removed they had also updated the bottom of the fact sheet to reflect the new 43-101 release. The update had been manually typed onto a copy of the fact sheet and photo copies made (I just checked and the fact sheet on the home page has not been changed still). Fortunately I had printed out a copy of the fact sheet from the web site and I presented it to them you could have heard a pin drop. What do they say a picture is worth. How quickly the excuses started you have to ask Dale about that, I am only in charge of the surface drilling etc.

They did in the end show me a rock about the size of two fists put side by side. The rock had what Bill described as massive sulphide with good size chunks of visible gold dispersed in the rock (was impressive) and said this is probably what we are asking about. Make your conclusions from this I still don't know ( Bill must have missed the meeting on this one).

Bill told me about the operation of the drilling. He is in charge of the surface drilling only once he has finished drilling the area (example Hinge zone) he moves on and the undergound crews take over. When they talk about the assaying being done on site they are talking about the underground drilling only. This is so they can plan the direction of the mine .

The cores that bill creates have to be sent to two outside labs because of the requirements of the 43-101. He told me the reason that it is taking so long to get results is that they had no where to put the logged cores because the existing core shack was being utilized by the underground operations. They have since built another core shack exclusivly for surface drill cores. He said they have enough Geos to run this and the results should be coming much faster as they can now get the cores to the outside labs.

Bill continued to tell me that he has stopped drilling the 007 and hinge and these have been handed over to the underground crews. His mandate from the company now is to find more gold. He has 4 drill rigs to work with and all are currently drilling. The area of interest at present is defined by the Hinge Zone, 007 and the Emperor. If you were to draw a line and connect these three locations you would come up with a triangular shape and this is the present area of interest. One Drill is slightly west of the 007 the second is east of and just past were they are putting in the connecting shaft from the hinge to the 007. The third is about center of the triangle and the fourth is next to the Emperor.

He said he may move a drill to the other side of the fault to see what is there but that the area had over 200 pits from the early 1900's so lots to drill.

After that he said they were going to move 1 drill next to the san mine a little north and west. I asked him about the Strike point JV and what was going on with that. He told San Gold was going to drill that next. I reminded him that SAn Gold was not the operator so how could SAn Gold drill this, he seemed a bit confused and changed his story on that.

I asked about the Timmins Big Marsh and was told they were drilling it. That is all they could tell me about that.

I also asked about the deal with Vg and how that came about. I was told that their original plan was to take over VG but Mckewan beat them to it and that is why they only got 31% of the property.

I asked about the horse claims and drew a bunch of blank looks.

Most of your other questions were answered by Beaver65 so no sense in going over those again.

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