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First Asset Morningstar Emerging Markets Composite T.EXM.A



TSX:EXM.A - Post by User

Post by OilSandSamon Apr 06, 2007 3:15pm
376 Views
Post# 12562449

Goldman8

Goldman8I don't think you'll have to wait till Moris starts up. With Hochschild drilling right now on the Moris exploration land, with assays pending, all it will take is some results to show that there is more sources of ore available to the mill from what is known now. It's important to note that there is also alot of room for growth in reserves from the mine concessions themselves (outside of the three main sources available for exploitation). Hochschild must be very happy, they are able to drill 2 km's away from the mill to explore for more mill feed...and they are fulfilling their J/V contract at the same time on the exploration land. Having consolidated this amount of prospects for the mill is nothing short of staggering. The Exmin drill program now underway should also bear fruit before Moris is back into production. The intention right now is to add value to Horcon and then move to Reyna. Once at Reyna, the goal is to complete work that was already showing great results, and then establish a 43-101 compliant resource. Reyna is not the end of the program either. Read this NR for more; https://www.exmin.com/press/NR_EXMIN_Rig_Deposit-7Dec06.pdf Yale will be doing their drill program this year, to comply with the J/V contract, but the timing may be off depending if we align schedules for them to be able to use our drill. In the meantime, they have done alot of extra field work to define targets. Penoles is also putting together their next program so that they can get it going in the fall. That will be the second phase of drilling on their J/V with us. Them committing to further the J/V is very positive for us, read; https://www.exmin.com/press/NR_EXMIN_Mag_Drill_Results_23Feb07.pdf
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