48 days today and counting!Since the first drill started turning, we MUST be close too a NR by now!
I am also a shareholder of MOZ, Marathon gold and today they just came out with more drilling results, after coming out on July 22nd with results. In other words it took them 26 days too drill and log the cores and send them in and get back the results.
They are in NFLD, not Alaska, and are a bigger fish.
But again 48 days compared too 26 days for MOZ.
So we must be dang close for results. JMO.
And look what happened today with the announcement of Buffett buying a huge stake in Barrick, the guy said before that he made no sense out of holding gold period.
And now a complete reversal, he must see or feel a bad omen for the US economy if he sold down his financial holdings too buy Barrick.
Which is a good sign for the gold sector. Buillion up $44 per oz today bodes well for the sector as well.
This is what Coeur is doing at Kensington Mine this year:
Kensington1,2
The 2020 exploration program at Kensington continues to build on the successes of last year’s drilling campaign by focusing on further expanding upper Kensington Zone 30 as well as the Jualin, Eureka, Johnson, Raven and Elmira veins. The program is designed to add higher-grade resources, which have the potential to be incorporated into the mine plan with continued drilling.
*********Up to three core rigs have been active during the first half of the year, drilling approximately 71,875 feet (21,908 meters) at a total investment of approximately $4.5 million (substantially all expensed).*********
Most recently, two of the core rigs were moved to the upper ridges above Kensington to test the uppermost areas of Raven and Johnson.
I highlighted the part that states $4.5 million for 3 rigs drilling cores 21,908 metres.
We have or should have about $1.5 million from the financings (2) and $3.15 million from the Sprott placement.
Or roughly $4.65 million. In other words we could almost drill out as many metres as Couer.
Well close too that much.