Update from the EastAll,
Mark was in Halifax over the last few days and several of us (many who lurk here) managed to meet with him. Just a quick update (because I know everyone is interested) --
- According to the Investor presentation Mark passed out, 50 holes of 55 in the final plan have now been drilled on the property.
- A batch has already been sent to the lab, and results are expected soon.
- Another large batch of cores are being prepped now, and when the required quality controls are prepared they will be sent.
- Mark and others positive feelings on the core from new areas, but wouldn't disclose anything publicly when pressed.
- Regional composite assessment is well underway, expecting to begin looking at additional targets within their new claims shortly.
- Confident that if the gold is there following insertion of 2F results in the internal model, OSK will commit to drilling significantly more (maybe expend all of the money) this year.
- Mark was meeting with many NS interests including politicians, money managers, private investors etc.
- Confident that the financing is available when required to meet their commitments to OSK in the J/V
- Property is not as muddy as we all think
- Drilling is going well because drill rigs had been idle and therefore in good working order - no breakdowns etc.
- 85% of Mark's time is on OX
Best regards,
yhzsailor