Re: NGC's Lac des Illes mine expansion efforts and GEL:TSXVThis company's management don't seem to be in any rush to drill those two or three exploratory holes on properties surrounding Lac des Illes.
The $2.25 Million flow- through charity financing is supposed to cover the costs of drilling those holes and analyzing the results, likely to determine precisely the very strength of continuity in trend onto NGC's Lac des Illes minesite properties.
As I said, just don't go about drilling those holes on the properties owned by Graphano Energy Ltd, which has performed immensely more exploratory work immediately adjacent to NGC's Lac des Illes minesite properties (just have a look at Graphano Energy's development work there).
If NGC does drill too close to those Graphano Energy Ltd owned claims, NGC may actually have to buy into the LAC Aux Bouleaux graphite project or perhaps buy Graphano Energy Ltd outright, eh?
GripnRip, Ogopogo007, MaterialsMan, and others should want to take specific note of the following information from Graphano Energy Ltd's press release yesterday.
"Zone 3 is one of the eight target areas identified from the 2015 airborne high-resolution magnetic (MAG) and time-domain electromagnetic (TDEM) survey completed on the LAB property. Given the strong drill results obtained, this spring exploration program will focus again on Zone 3 and investigate the possible expansion of the zone primarily towards the north with surface trenching, sampling and geological mapping."