Timmins & Beardmore - Northern Ontario

Focused on becoming a near-term Gold Producer

Free
Message: Re: drill results

Nov 05, 2009 04:23PM

w6w:

re: "they MUST have results in by now theres no lab backlog"... Completely agree. Unless they haven't submitted anything for assay from either PL, SP or GE, it would be impossible at this date for SGX to not have a significant number of assays in hand.

FYI... "The drilling at King Solomon’s Pillars will commence today. We have the drill in place earlier than expected. The drill program will be 2000-2500 metres."... That was posted by the company on Sept 16th... some 7 weeks ago... But even more so see my post previously today re: Paint Lake... assays were pending on several holes there as of Sept 17th... in addition to drilling ongoing there since at least that date.

What about GE drilling?... That was supposed to start "sometime in October" yet I have yet to see a drilling announcement released... why haven't I seen a drilling announcement?... because there wasn't one... most other juniors like to inform the market when drill programs start... not SGX... and I have no idea why.

Like you said no news has typically meant bad news for SGX... and that is not just my opinion... most recent GE drill program proves it... 4 months to drill and report 1,000m... I hope that's not the case now but IF it's not it would be the first time.

All that said... I still have some hope for the future... Ontex and KXL have also had very active drill programs ongoing for sometime... neither has released results... so we are in some good company re: withholding 'material' results IMO... can't help but think there HAS to be a 'bigger' reason for this... makes no sense otherwise... I might be frustrated but that's all part of the game... something totally unexpected could be on its way...

red911

Paint Lake...

posted on Nov 05, 09 12:50PM

Sep. 17th... "Sage has drilled nine holes to date for a total of 1,711 metres. Assays are pending on several holes and all assays received can be found on the company's website."

Assays pending on Sep 17th still not released. Why? I also do not see any drill assays on the company's website.

If no news is good news it will be the first time...

red911

2
Nov 05, 2009 07:45PM
Share
New Message
Please login to post a reply