drill rigsPC Gold has three drills operating on the Pickle Crow property. A single deep-capable rig is presently drilling a mother hole and wedges below Shaft 1. The ultimate goal of this work is to prove that the principal orebodies historically mined in the Pickle Crow mine continue to depths of as great as 2,500 metres vertically from surface. A second, shallow-intermediate capable rig is presently drilling follow-up holes on the No. 19 vein discovery. A third, shallow-intermediate capable drill is currently following up on the new No. 20 vein discovery .......
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Warrant Exercise Receipts
The Company is pleased to report that a total of 795,240 seventy-cent warrants were exercised by shareholders March 12, 2009, for total proceeds to the Company of $556,668
above items are from the recent news release.
(warrants are usually added to a private placement as "icing on the cake")
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some side-notes:
Sircoop recently (early December 2009) posted that “ the drill bit(s) needs funding”. ...Well…funds are now available to the company for drilling purposes.
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he also stated that "GoldCorp will own this one in less than 12 months, at $3 per share."
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Musselwhite Mine.....Goldcorp's mine & mill complex
The Musselwhite Mine is located on the southern shore of Lake Opapimiskan, 480 kilometres by air north of Thunder Bay, Ontario. The nearest town, Pickle Lake, is 103 kilometres by air to the south. The property consists of a combination of leases and mining claim units covering a total area of 17,548 hectares.