Great Republic Mining Corp V.GRM

RE: RE: Stuck in the dirty 1.30's

[amarksp]

Yes, based on the MD&A comments Arizaro results will be released all at once.

In May 2011, the Company commenced a 3,000 metre diamond drill campaign at Arizaro with the intent of defining the

size and orientation of the feeder body. The drill program is currently in the final stages of completion due to extreme

winter conditions, and assay results are beginning to arrive. Once all results have been received, the Company will

release the information.

Do not see a problem with MDR not performing the additional drilling to upgrade the inferred, in my opinion.  Additional drilling is not required and will not hold up the feasibility study, IMO.
In parallel with project development, management is currently considering further drilling with the objective

of converting a portion of the additional 750,000 ounces of gold in the inferred resource category to the measured and

indicated category at a 0.20 g/t gold cut-off.

MDR comments stated "considering".  With such a high percentage on Lindero already in Proven & Probable (and not just Measured & Indicated), and since all the drilling has been performed to confirm the first 3+ years of mine plan, my opinion is no additional drilling is required and thus not likely to be done anytime soon.

Given current state of world economy, MDR more likely to hunker down and conserve its cash until price of gold recovers and financing terms become more favorable.  Luckily, MDR has sufficient cash to last well into 2nd half of next year.