Post by
tarsands on Aug 20, 2020 10:09am
Ya it is strange
I read the NR "s as saying that the 2 nd rig is drilling from PAD U & PAD Y !
Ok if you look at their 2020 map then you can count :
20Y - 1 (PAD Y)
20Y - 2
PAD U:
20U 1-2-3
A total of 5 holes are being drilled by the 2 nd rig. By a different company named ATLAS EARTH SCIENCES.
The other company TIMBERLINE will be drilling the other 15 or 16 holes.
But if you read the NR"s the drilling they projected too cost $1.5 million for the first rig (15 or 16 holes)
And then we got Eric"s money injection $3.15 million and we only add a 2nd rig and drill out 5 more holes?
Someone should email Ian and ask what is going on !
Comment by
flash338 on Aug 20, 2020 10:20am
I wonder if it's a matter of drill availability. Perhaps it's scheduled elsewhere.
Comment by
Teakbois on Aug 20, 2020 10:48am
Yeah, I was hoping to see some actual drilling results. Nonetheless this is very good news. More veins, more gold!