RE: Watch Entree Gold
Tom Bohg, Zones I and III, the Eagle Zone, the Eastern JV lands, Kharmagtai, Manlai all excellent greenfields area play drilling targets ... between IVN and ETG they are all sewn up.
The Heruga/Hugo North resources are going to increase ... alot. At Hugo North the first 625 meters was blockbuster grade ore in the sweet spots - up to 5% over hundreds of meters. That's all that is included in the resurce calcs. The airport condemnation drilling that found what looks like the tail 'o the pup is 11,000 meters further north. The last drill intersections had to be slanted in from the East due to a granite cap blocking the top and Western sides --- so they hit what is said to be the top of a continuation from 625m ... and decided to drift underground and drill from there. That was three years ago, they did put down Shaft 1 promptly (Kudos to Redpath Canada), they have been drifting North ... how far and how far in front they are horizontal drilling we haven't been told in months.
Have a look at the Satellite pictures of OT and see placement and size of the decline they dug at Hugo North - it is massive. The block caving operation is going to be a whopper.
I'm pretty comfortable knowing Robert Friedland would not like to see himself make a deal leaving some undiscovered bonanza to slip out of his hands. He hasn't been shy about exploration before and I doubt he will be before dealing off any of the OT camp. RioTinto got a bargain because they made a committment to finance and attach their considerable presitge and engineering abilities to both the negotiations and now the development. Others will find the price has risen, I'd guess.
CG