Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE

Free
Message: Re: Drill program expanded to 20,000m
5
Dec 12, 2011 10:33AM
3
Dec 12, 2011 11:03AM
11
Dec 12, 2011 11:37AM

Hey Dazza,

just a quick clarification.

when you say... "I am of the belief that they have found something that warrrents deep drilling and a lot of it. Hence the expanded program."

it suggests that the expansion will include additional deep drilling, however the news release should not be interpreted that way, as it states the following...

"...from an initial 10,000 metres to 20,000 metres. In order to accomplish this in a timely manner, the Company is taking all necessary steps to mobilize a second diamond drill rig to the Tesoro Project. It is anticipated that the rig will be on site in January 2012."

The way this is worded(if interpreted verbatim) is saying that a second shallow drill rig is being mobilized as there is only the one shallow drill rig on the site currently.

S.

Share
New Message
Please login to post a reply