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from NR dated September 25, we were informed that the PP ( 1,1 million, 70% from ES and insiders) will be used for - " The proceeds of the Private Placement will be expended on the Company's drilling programs on the Del Norte/Lord Nelson boundary areas.".
from NR dated September 29 :" 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" ALL holes was drilled out of the 14 oz, with deepness around 240 metres per hole.
from NR dated October 8 : " 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 ". 4 more holes were drilled. One of them - the hole number 23 ( the last one) was drilled in the 14 oz zone. My point is that if the 3 holes drilled outside the 14 oz zone were around 240 metres deep (like the other 19 holes drilled outside 14 oz zone)..... THEN, the hole 23 ('' VG bearing DDH-20-23 ) HAD TO BE drilled deeper.. much more deeper... probably over 700 metres !!!
from NR dated August 25 : “Ed Kruchkowski, president of the Company states: "The Lord Nelson tenures are on strike with the volcanic/sediment contact being tested by the Company in Nelson Creek at present. The Company has noted that the horizons being tested appear to strike north on to the newly optioned claims. Also, helicopter flights to the area of the Del Norte drilling pass directly over the newly optioned tenures. The new showing area which is at low elevations allows the Company to have a longer exploration period in this region."
MY 2 CENTS:
there is nothing wrong with the number of the holes, they are 31 not 23…...BUT the last 6(six) holes were drilled on the Lord Nelson with depth 700 meters or more.
DEC was drilling till the end of NOVEMBRE. Just like TUO
2020 drilling program was OVER 10 000 METERS.
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