Company President updateThe president of the company called me today after a request for an update on activities. We had a 45 minute long phone call and he updated me on all SOI projects. I wasn't taking notes, but the recap is pretty much this:
Tilly - very high on the companys list of properties right now. They have been diligently working the property all summer/fall. Some news will be forthcoming very soon on results of exploration work to date, probably as early as next week. Property will probably see a 5,000 meter drill program in late Feb/early Mar. (funds recently raised)
Pontax (gold/base metals) - they have been pretty happy with drilling to date and are now spending the next few months gathering all data from geophysics, geology, geochem and drilling to plan out the next drill program. Look for a 5000 meter (third phase) drill program to take place about the same time as Tilly. (funds recently raised)
Pontax (Diamonds) - DOS to start drilling several targets within the next week to 10 days. SOI to benefit from any kimberlite find via their NSR on the property.
Opinica North - DOS has been doing some first stage exploration work (geochem and scintilometer) and have highlighted some very anomalous areas of uranium mineralization. DOS will likely be updating shareholders soon on these results and announce the next phase of work for the property.
Kukamees - the company did additional stripping of the RS showing and is awaiting assays. The labs are backed up at least 30-60 days. No work is planned on the property through the winter months (they have a foot of snow now in Opinica).
Cheecoo blocks - No news from GZZ on drilling yet. The company expects a progress report from GZZ next week but this may not necessarily turn into a news release. GZZ has 30 targets and will drill both A and B blocks. Some of the best targets (ie. near the JT showing of AZM/ER/G) are within swampy areas and will not be drilled until the area freezes. My thought is we will have news from drilling before the end of the month.
The big mining show in Quebec is 2 weeks away and a lot of companies may release news at this show or just prior. I would expect both EVR and ER to have an update prior to the show. Virginia Gold will also have news to release.
Things have been quiet to date. I don't expect this trend to continue for much longer. Good luck to all.