GREY:SGGDF - Post by User
Post by
JerryFrancison Oct 25, 2009 1:50pm
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Post# 16421688
An official response from the company
An official response from the companyMy comment to them.
Mike,
May I ask what the total acreage is in this news release? If you don't know off hand don't bother.
I can't see Nigel just sticking a pin in a map and then acquiring the property just because some of it is close to some other companies holdings. These claims were strategically and specifically selected, which means the property was well checked out first. Is that fair to say?
You can see by the comment below that if a poster is willing to talk properly to them and it is proper for the company to comment, they will. But if a poster wishes to talk or write to them the same way they talk [write] on this forum, then that poster just might have to wait for the next NR OR EOY business meeting to get his/her answer.
Their official answer to my above questions.
Jerry. The new properties total 7,243 acres making our total land package 150,000 acres now.
These properties were optioned because they are strategically located close to or in some cases right next to some of our existing properties. Some of the properties have excellent historical drill results and they are along the sediment belt where 95% of the 4 million ounces produced in the BGG area came from. We don’t just throw a dart at a map, these were very well thought out and negotiated.