RE:RE:RE:Knowledgeable bet
From the News Release published in SEDAR(official documents) :
Start drilling... and..
The Company has prepared an "apex" pad on a nunatak in the south Nelson glacier allowing for testing veins and breccias associated with the LG vein.
.... means one pad was already constructed.
announces that it has completed 6 drill holes from 2 different pads on the Del Norte property
means 6 holes for 10 days. This fast drilling result is because the pad was already built.
(1 hole for 1,7 days).
Drilling is expected to start on the Eagle's Nest zone tomorrow and holes are expected to be around 200m each. It is planned to fan a number of holes from the only available drill site. To date 9 holes varying in depth from 200-300m have been completed.
Means after 9 holes at Argo zone with depth from 200-300m, they moved to Eagle's Nest zone ( 200m up the hill.)......
(1 hole for 2.3 days)
The Company has completed over 4500 m of drilling in 19 holes to date testing both the "Argo" zone - a 115 m wide north-south zone of deformation and the newly discovered Eagle's Nest zone.
Means : After they drilled 7 holes in the Eagle’s Nest zone, they went down to the Argo zone and drilled 3 more holes in the Argo zone..... So far we have 12 holes in the Argo zone and 7 in Eagle’s Nest...... IMO here they moved to K zone(400m West and drilled 2 more holes).........
(1 hole for 2,6 days)
The Company has completed over 6000 m of drilling in 23 holes to date testing three targets: the "Argo" zone (a 115 m wide north-south zone of deformation), the newly discovered Eagle's Nest zone and the newly discovered "14 oz" zone
Means they drilled one more holes in Argo zone and 2 holes in the 14 zone.... 4 holes for 10 days........
( 1 hole for 2,5 days).
Highlights of the 2020 Del Norte drilling include:
Drilling 5975 m of NQ core in 31 drill holes.
Drilling 2 holes on the K-zone.
Drilling 13 holes on the Argo zone.
Drilling 7 holes on the Eagle’s Nest zone.
Drilling 9 holes on the “14” oz zone.
Means 7 more holes in “14” oz zone. in the period between 8 October to 28 October....7. holes for 20 days......
( 1 hole for 2.8 days)......They are drilling more slowly now because the weather is worsening
Conclusion :
The number of metres that was drilled is wrong. (28 October e-letter). It cannot be 5975m.
See: NR from 29 September = 4500m.
NR from 8 October. = 6000m
IMO the real number is 31 holes * 257( meters per hole average) = 7975.
7975 means that they spent all the money ( The Company was successful in raising over 2.3 million dollars in order to fund the 2020 field season.)
When the experienced CEO spent all the money(HIS SALARY INCLUDED) at the end of the drilling season (the next drilling season will start in July).........MEANS:
..BIG ED is after something BIG.