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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: news out

Re: news out- What are they actually drilling?

in response to by
posted on Mar 11, 2008 05:23PM

Can someone tell me what the specifics of the drilling contract are? Are they drilling all the anomolies or some of the better targets identified? If the cost of the program is $2.4 million how many holes can they drill? And what about problems in the field and the impact on cost. Nice to see the NR, but other then the announcement indicating a commencment of a drill compaign not much was said specific to details of what is being drilled. Or am I missing something?

Also, in the fourth paragraph of the news release I read the following: "Drilling is still scheduled to start during February, assuming all goes well with the geophysical surveying." What does this mean? Have they already starting drilling or does this NR have some timing issues not updated from previous statements.

I do find the annoucement of a drilling compaign great news as that is what is required to get this play moving. Should we drill into one of the target anomolies and hit something similar to Noronts find it will be fantastic for all McFauld's players. May the drills start turning....

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