RE: Strange statements regarding drill program?From the most recent MD&A on sedar.com:
"The drill rig was mobilised to the Malartic H property to complete the $1.2M work commitment under the
terms of the Breakwater-Atlanta Gold option agreement. A total of 46 holes for 7,400 metres are
proposed. Four holes are planned to confirm the best intersections on the H Zone of which one hole was
completed and one hole was in progress at the end of the Current Period. The remaining holes are planned
to locate and investigate the western extension the North and North-North structures."
This is from the Malartic property project on the company web site:
"Upside
NioGold has consolidated a large land package within the heart of anestablished gold mining district in the mining friendly jurisdiction ofQuebec that permits for cost effective exploration and development. Thegrounds were acquired for their potential for near term gold resourcedefinition and cover large under-explored sectors located along knownmineral trends deemed highly prospective for new gold discoveries.
The Company plans an aggressive 100,000 m (300,000 ft) of drillingover the next two years in order to expand the current resources and totest priority exploration targets over the land holdings."
About $150 per meter--100k of drilling would cost about $15m.