TSXV:AXM.H - Post by User
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Time4TAon Apr 26, 2011 4:42pm
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20,000 m Drill Program Mobilization
20,000 m Drill Program Mobilization
As Per March NR:
The program will include up to 20,000 metres of reverse circulation (“RC”) and core diamond drilling, of which 30 RC holes totalling 5,000 metres will focus on targets in and around the Passendro ore bodies.
President and CEO of AXMIN, Mr. George Roach, comments, “We are aiming to expand our resource base with the planned exploration program at Passendro. With focused drilling on data gaps, we hope to close out open-ended mineralization and mineralised targets, potentially simplifying and combining open pits. It is our goal to ensure that the first three year production rate of 205,000 ounces per annum at a cash cost of US$437/oz, (see news release dated January 31, 2011), will be maintained for the life of the mine.
Axmin is currently tendering drilling bids for a minimum 2 to 3 year program in CAR and expects to be in a position to announce drill mobilization to site shortly.