behind the scenes activityCraig Gibson is down at Horcon right now, supervising the drilling and continuing with the fieldwork at that project. There are several different types of alteration that have been encountered in different showings and just punching a few drill holes into that project will still count more for recon work at this early stage. They have pulled the first core and are working on the second right now. There are several good explorations projects on the go in the Guanajuato district.
Our JV partner in Chihuahua is continuing to accelerate development at Moris. Their senior geo has been to visit the property and they are ramping up the budget for further exploration. The nice thing about the JV properties is there are so many high grade showings that have never seen modern exploration. It is not too hard to sample great PM values and get a lot of interest to target these structures for drilling. There are several different field crews out doing prep work on several of these target areas right now.
Our JV partner Penoles had to wait for permitting to build a road, so they could get a drill down to the Maguarachic Property that could target the lower extension of the vein. They are going to go ahead with another round of drilling once that is done. Penoles is only the largest silver producer in the world, and they do not get discouraged by the delays involved in exploring a difficult region. It is a shame some shareholders do not have the same fortitude.
All of this sort of stuff is not news worthy but it matters. It is positive, and has nothing to do with a slow market. Some people have the gambling mentality and they want instant results. The current market conditions are far to cautious for the expectation of quick profits. If you know what you own and are willing to let it pay out, then I think the management of EXM are going to create value. The share price really only matters when you are ready to sell. I have been adding through this dip and am happy to do so. All that matters to me is that I see activity going on that will contribute to a higher share price when I am ready to take some profits further into this bull market.
cheers!
COACH247