OX: Update From The East
This was published earlier (March 25th) but I'm capturing it on the blog so it doesn't disappear.
Mark Billings was in Halifax over the last few days and several of us(many who lurk here on Stockhouse) managed to meet with him. Just a quick update(because I know everyone is interested) --
- According to theInvestor presentation Mark passed out, 50 holes of 55 in the final planhave now been drilled on the property.
- A batch has already beensent to the lab, and results are expected soon.
- Another large batchof cores are being prepped now, and when the required quality controlsare prepared they will be sent.
- Mark and others positive feelingson the core from new areas, but wouldn't disclose anything publicly whenpressed.
- Regional composite assessment is well underway, expectingto begin looking at additional targets within their new claims shortly.
-Confident that if the gold is there following insertion of 2F resultsin the internal model, OSK will commit to drilling significantly more(maybe expend all of the money) this year.
- Mark was meeting withmany NS interests including politicians, money managers, privateinvestors etc.
- Confident that the financing is available whenrequired to meet their commitments to OSK in the J/V
- Property isnot as muddy as we all think
- Drilling is going well because drillrigs had been idle and therefore in good working order - no breakdownsetc.
- 85% of Mark's time is on OX
Best regards,
yhzsailor