My VIewMuch more gold announced in these results. Very pleased to see that the gold in West Goldboro is contiguous with the Ramp Area etc. Easily the resource count is going to go up, WAY up.
Good to see there is gold over at Dolliver, including validation of the past historic reports of veins 10-20 feet wide of gold. Disappointing to me that about 50% of those holes in the Doliver mountain area came up empty, but this is clearly exploratory drilling in areas where there is nothing but historical lore to guide them.They also explicitly point out there is still 600meters of the property between West Goldboro and Dolliver Mountain that still hasn't been drilled. I think that is a hint.
More interesting to me is that they have a RC holes drilled! While I expected to hear about the Regional Area compilation being completed, I did not expect to hear that they had 194 RC holes drilled. And by all accounts these are being drilled outside of thecurrent strike area! While some of us had hints this was happening, there was nothing we could publicly confirm! Ididn't realize the extent of it. This is good news, we're now out exploring the countryside and widening our net. OSK wouldn't be paying for that if they weren't going to make some kind of commitment.
We now get to wait for 194 more RCdrill holes (albeit much shallower) for us to get results from. Financially theymust have done some kind of deal with Logan, because 59 DD holes , plus all the RCholes must mean we're well into the budget discussed this year, and up to March it didn't appear that OX had spent a dime of its own money for exploration.
I still think there is more to come here, the summer is only juststarting and all the gear is still in the area. Next steps are for usto hear about commitment to further drilling by OSK and to understand where the new targets are and the plan is to explore those.
As for market reaction, I think the prudent money managers will still be waiting to hear that OSK is going to continue its exploration plan as a result of these results. We're at about 800k shares traded hands and someone is buying them.