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Orex Exploration Inc. V.OX

"Orex Exploration Inc is engaged in the exploration of gold mining sites located in Nova Scotia, Canada. The Company owns goldboro project in Guysborough County, Nova Scotia."


TSXV:OX - Post by User

Bullboard Posts
Comment by yhzsailoron Mar 25, 2010 8:31pm
515 Views
Post# 16925957

RE: RE: Update from the East

RE: RE: Update from the EastI thought there were 74 holes to be drilled… not 55…

Yeah, someone else asked me the same thing today, privately.  I believe the press release was poorly worded.  I think the phrase "Two other campaigns are planned to follow totalling 8,750 m in 49 holes."  Was trying to say to say  2F, 2D & 2E were a total 49 holes and 8,750m.  We were never supposed to add 24 + 49 to get 74 holes. 

Based on the investor preso Mark handed out (he said it would be posted soon) The Plan was:  Phase 2F - 18 Holes  Phase 2D - 25 Holes Phase 2E- 12 Holes
Completed: Phase 2F - 18 Holes, Phase 2D 25 Holes, Phase 2E - 8 Holes

I'm not sure where the disconnect came, but I'm pretty sure its a common misinterpretation of the PR plus probably last minute changes by the Geologists on the ground.
Bullboard Posts