Pekim, thanks and welcome aboard!
So, the new hole would be less than 100m from the boundary. Presume this is in the area where somebody is holding the patent claims NW of the lake. An eye-ball guess, by just looking at the map, (slide 12 of Corp Pres), would indicate some additional distance from the boundary to the lake is about 500m. I would angle the drill toward the boundary, i.e. (in the SE direction). A deep drill would be good for going beyond the current downhole distance of about 400m (hole 268). There seems to be some interesting intersections at the 300-400m level. IMO, it would be cheap enough just to acquire that "wedge of land" NW of the lake to have some elbow room for additional drilling flexibility.
Hope that Dave is reading the stuff on our board.
goldhunter