50 % down from the High so far Phew - Gold is struggeling and so are most Companys in that Space down 30 - 50 % the last 8 Weeks - as well our Maple
i,m afraid we need much more Time to get an Revaluation - while Maple works toward their announced Programm
i was a litte bit dissapointed that we are just using one to two Rigs for the announced Winter Programm ( while i hoped it would be expanded much bigger)
In the last Presentation Fred Speidel walks through the Slides - i felt every of the discussed Targets ended up - with needs some more drilling - needs some more drilling - so solwly but steady
I have learned that Maple was sucessful to drill some hundrets of Meters with just one Rig per Day in the Fall Programm - so it makes no Sense to go faster with more Rigs now till April - As well because of the Labs cant deliver faster in any Case - and Another Rigs would have ended up with much more Costs ( double Crew) and as well Premium Charge from the Rigs because of Competion with other Miners in that Area.
Statement:
Agnico is working full Speed on the digitizing data from 500 surface holes and more than 6,500 underground holes drilled at the past-producing Telbel mine - workings at the Joutel project. This is an incredibly time consuming exercise and they are working as quickly as possible through them so that we can build a 3D model in order to start drill targeting.
Much is going on - next Milestone should be the new Resource Update - but i wouldn,t expect to much new Ounces because of the Numbers of Holes that would be added.
Good Luck and hopefully back in the 0,40 es in the next Months
lg Aschi