OTCPK:SSGLF - Post by User
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FANTOMASon Sep 03, 2011 6:07pm
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Post# 19010128
Bullvestor interview highlights
Bullvestor interview highlightsInterview highlights:
- $9M cash on hand / $6M left by the end of 2011 exploration
- next financing to be expected around April/May 2012
- Smash is operating 2 (Niton) bench XRF analyzers in the field: good for pathfinder elements but NOT for gold (detection limit greater than 15g/t) , these "secret weapons" did speed up the exploration process by a full year due to immediate results, leading to quicker target generation
- main pathfinder element is SILVER in this area (not arsenic, tungsten or molybdenum as with most other Yukon explorers), placer miners have 80% gold and 20% silver in their dore bars
- first drill results expected by the end of September (maybe too optimistic Adrian, labs have long backlogs now)
- Adrian owns at least one other Yukon explorer and is recommending Silver Quest, Golden Predator and Tarsis
- Smash is actively looking for another project (Canada, Mexico, South America) covering the winter period (no Yukon activity then) in order to generate year round results
FANTOMAS