DRILLINGI had a long talk with the Pres last week. They are going to be drilling 60 holes for a total of 10,000 metres on the Burkina Faso gold property in November. The holes Drill results could be out before Christmas.
What struck me was the number of gold companies in this small African country. It seems that there is a gold belt that runs through the country. The biggest operating mine in the country is the 5 million oz Iamgold mine.
It looks like Channel is moving on this quickly. One last thing. the Pres thinks that this on surface deposit will cost between $400 and $500 an ounce to mine and mill.