Treasury & resource estimate Let's see now my understanding is that Bayfield has approx $4 million in the treasury. More then enough to continue drilling operations with 1 rig. With todays technology in the drilling industry there are ways to cut costs, even on the drilling end, and totally enhance the resource. As resently announced RR12-34W1.
Hole RR12-34W1 intersected 25.50 metres grading 6.60 g/t Au and 34.20 g/t Ag including 15.00 metres of 11.06 g/t Au and 57.05 g/t Ag.
The approx. 15 metre offset distance between holes RR12-34 and RR12-34W1 shows that continuity of the >10 g/t gold mineralization is excellent.
These last 2 statements were copied off the latest news release. Now my understanding also is that our monthly burn rate (all inclusive) is approx $250,000.00. With doing the wedging holes the company saves approx $40,000.00/hole & has shown us very conclusive results, (as noted above). Anyone that comes on here & starts ranting & complaining IMO has there own motives & adgendas.
If anyone out there thinks that Rainy River isn't keeping there eye on Bayfields operations & drill results their a fool. Have an excellent weekend folks & lets hope to end the week on a positive note.
DYODD & Good luck all :) Cheers