RE: drilling programWelcome.....
1) Does anyone know if Homestake project is currently being drilled? Or when a new program is starting?
It is not being drilled right now as the 2008 drill program is done and its winter in British Columbia. There are still about 16 holes left to report and they should start to be released very soon. The 2009 drill program will start sometime in the summer I suspect and will target the high grade gold that was just discovered leading into the undrilled portion of the property.
2) How much working capital do they have?
As of a few weeks ago...C$2.4 million in the treasury
3) What is their cash burning rate?
monthly burn rate of approx. $45,000
Cheers