EXPM:HRTFF - Post by User
Post by
BigIsBeston Dec 19, 2018 7:08pm
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Post# 29137982
Questions about regional exploration
Questions about regional explorationI have been a shareholder in HRT since 2010 (and, before that, Exall Resources/Gold Eagle from 2000). I am a very patient investor and will continue to be so with HRT for as long as it takes.
I'm curious about the regional exploration drilling for which very little detail has been provided to us mere retail investors over the last 18 months or so, IMHO.
A week ago, I emailed the HRT office the following questions but I have not received an answer:
“How many test holes were drilled at each of the following sites and how deep did each hole go?
Fisher
Lynx
Moose
K7
Marten
Fox
Eagle
Highway
Of the 8 sites above, how many are going to have geophysics testing performed down hole?”
Are the HRT geologists really that useless that they can tell us that this is a very exciting property but their first 8 attempts at finding more ounces are all duds?
Does anyone else find it odd that every one of the above sites have had basically the same news release, typically stating that “No significant mineralization has been returned to date, however, these areas will be revisited with geophysics and potential drilling.” The Lynx exploration news release, from Sept 2017, was perhaps the most promising stating “Drilling at the Lynx Zone has returned initial mineralization of approximately 3 g/t over half a meter and shows comparable grades and widths as encountered in early drilling of the Middle Zone, warranting follow-up drilling.” Nothing but silence since.
Has any follow-up drilling been performed at any of these sites? If not, then why not? Has any down-hole geophysics been performed at any of these sites? If not, then why not? Have any dates been set for follow-up drilling?
For all of these sites we get an initial news release then total silence.
IMHO, the good news is that I do not believe these sites are all duds. But I do not understand why HRT is not moving ahead as fast as possible to find more ounces, as that is going to be the main driver to increasing the share price. (The same also applies to the deep drilling at the Sugar Zone). More ounces are also going to be necessary to make HRT an attractive buyout target.
Does anyone have any explanations for the slow walk?
If you agree that all shareholders should have available to them detailed and current information about the regional exploration then perhaps you could email the HRT office and ask some questions. If there are enough emails then maybe we will get a news release with the additional details.
GLTA and Merry Christmas.