GREY:ECCMF - Post by User
Comment by
danhockey7on Nov 18, 2011 4:18pm
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Post# 19249938
RE: RE: EMI's time to shine?
RE: RE: EMI's time to shine?Good afternoon,
If you search back to EMI's news release June 24 2011 they are carrying out Phase 1 in their current program as quoted below from their news release.
"Phase 1 exploration has commenced to define drill targets within several anomalies discovered by Electric Metals with an airborne geophysical survey in 2010. The largest of these targets, measuring over 4 km by 1 km, is located near the centre of the property and is defined by a broad magnetic low associated with coincident conductive anomalies. Geochemical sampling of soils and bedrock, together with ground-based geophysics in the form of precision magnetometer and scintillometer surveying, are being applied to identify the most prospective portions of this and other targets"
It is possible that Phase 1 is nearing completion which is positive and leading to the increase in share price and volumn of late. In addition on their last news release, Phase 2 includes "Phase 2 exploration consisting of trenching and drilling will follow upon receipt of results of the Phase 1 program." Possible trenching and drill as well here.
This may get very interesting, planning to email the company shortly.
Good luck