Checking in...As we await the conference call scheduled for today, I suggest listening to the last conference call that was downloaded onto Youtube on June 28, 2011 (It should be noted that NKL comments are toward the end of the CC).
In the last conference call, Mr. Lee indicated that the first hole drilled was "so juicy that we keep going" and suggested that if they didn't see something, they would not continue drilling deeper down. As of June 28, 600 meters from the surface was indicated as to having been drilled to date.
Per the updated resource report:
"The ongoing 2011 diamond drill program announced in the Company's June2, 2011 press release has been designed to augment this reportedresource in recognition of the significant tonnage that was overlookedby previous operators on the property. There are two diamond rigsoperating on the property since May, with drill results expected in thesummer. "
It takes approximately 1 month to drill 500 meters and initial results from the first hole drilled were indicated to be on hand. At debate per the last conference call was whether or not to release the drill results on a hole by hole basis and or wait til such time all results were known. I strongly suspect the results from the first hole will be released in the near term.