OTCPK:EXSFF - Post by User
Post by
SilverBellson Sep 17, 2019 11:53am
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Post# 30135620
Answers
AnswersI was not getting any replies from my latest posts so I wrote to IR of NIC for answers. Here's their reply,
Hello,
We have not set out budgets for the drilling programs.
The Explor PP is being funded from the Sprott investment. It is a way for Pure Nickel to advance funds to Explor. Explor will use those funds to complete the transaction on their end and for general corporate purposes. Some funds will be used for permitting purposes for the Timmins property. Chris Dupont can provide more information if you reach out to him.
Pure Nickel will retain the remainder of the Sprott funds and the funds from the new PP for future exploration. We have not announced any plans yet, but anticipate a small RC drill program this fall at Neal to gain a further understanding of the vein structure. The Timmins property will be drilled most likely in early 2020. That program will be designed once the merger is complete.
Seems to me very little drilling will occur at Neal and none at Timmins this year. What happened to 35,000 meters drilling at Neal? Is this what they call florishing in the money? Thanks Dupont!!