Re: for instance
in response to
by
posted on
Nov 11, 2008 04:28PM
The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.
Regarding length of time to drill another 40 holes and the costs involved: According to Chad, should they use an adit to complete a yet to be approved 3rd phase drilling program at Cove McCoy, the cost to drill each hole would be 1/10th the cost of drilling the current holes (and that was before the substantial drop in drilling cost in the industry occured) - and the length of time to drill each hole would naturally be much shorter due to the fact that they don't have to drill the first 1000 + meters to get to where the high grade gold mineralization is.