TSX:LSG.DB - Post by User
Post by
digger144on Aug 14, 2010 12:28pm
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Post# 17351085
Let us not Forget Eric Kallio....
Let us not Forget Eric Kallio....
Eric Kallio, Vice President of Exploration also made some very interesting comments:
The Master Hole that is in Progress is a "high risk target".
However, the outcome may be very, very significant!
Yes, it will take 8 months to complete along with a list of hardships to overcome...but...success will lead to....
"strike extension of 800 metres and down plunge extension from 1200 metres to 2400 metres from existing model"
Wow! They are referring to the Timmins Mine Model.
Their belief is that the newly discovered Fold Nose at the Timmins Mine and the Rusk Zone at Thunder Creek will merge at a projected depth of 2,400 metres.
Very exciting indeed!
They need time and working out a new standstill agreement with Hochschild for the short term will buy them precious time!
Digger144
P.S. Precious time will build shareholder value!