RE:Insiders are selling In lieu of the cancelled financing and consolidation that was not shareholder friendly due to the latest developments, the insiders are exercising their options to put money into the company. This does create a small taxation issue for the option holder so selling some to compensate for the taxes is quite normal.
Warrants are also likely being exercised to cash up the till.
If you also listen/watch the webinar, the operator of the project explains the strategy of the 5 deep holes.
Those holes and their wide spaced locations are testing multiple theories as these are the first deep holes drilled on the project. Very exploratory. Dave comments in the video that 4 of 4 out of 5 deep holes have hit mineralization.