Re: Drilling Updates
in response to
by
posted on
Jul 24, 2009 11:27AM
Nice to see things moving again for Probe.
I don't think that is quite accurate. I called IR after I saw your post and what was said to me was that the chromite will likely continue to be the focus of future exploration and the next phase has yet to be set or approved by the exploration committee.
Deep drilling may come into play when the company returns to the McFaulds West project immediately adjacent Eagle 1. If you recall, there were extremely high MMI readings from that property for nickel and pge's that the subsequent drilling program didn't justify. Given the depths that NOT is drilling to encounter additional nickel mineralization, she said that it may be possible that the drill program just did not go deep enough, but that further geophysics and drilling would be required to establish that. As developments continue to occur at Eagle 1, more work on McFauld's West would be something that the company would definitely have to consider.