RE: RE: 11/14 Press ReleaseHi, pkxt,
No more drilling in 2007, I believe. For one thing, rigs are IMPOSSIBLE to get right now. If a company has some rigs working on their property, they simply aren't letting them go but moving the rigs from one target to the next. They know that if they let a rig go from their property right now--even "temporarily"--they won't get it back until who knows when.
And, even if by a fantastic stroke of luck a good rig can be located, you only want good operators to run them. Those folks are really scarce.
I believe Tony and Ruth are doing the right thing by focusing on the area NW of the McLean pit. We already have a gold resource right there, and given the biochemical anomalies and resistivity highs just north of the pit, it's probably a good place to drill.
I recently came back from spending a full day in the field with Tony and Ruth at Monte Cristo and have a lot of thoughts I'll post on that trip, here. Still collecting them!...
The bottom line, though... I am glad I participated in the recent private placement. I don't know when it'll all break, but Monte Cristo is a terrific property. It's so big it's hard to attack, piecemeal. By now going into an area adjacent to the McLean lode itself, I think the odds are increased that they'll find some of these dang epitermal veins.
If you could see all the old workings all around the area where they'll drill next (holes in hills, and holes down into the ground with wood workings on top), you'd think that area has a ton of potential. Heck, they assayed the dump sites from one of these old workings (at least, they think it was a dump site--big quartz rocks piled up next to the hole going into the ground), and it came back with 13g/tonne of gold. When I heard that, I wanted to jump right down the hole, myself!
Again, more to follow. The trip is still swirling around me and it's hard to pick any one thing.
Long and strong! GLTA!