ANIK update
From the Q2 MD&A, released today on SEDAR:
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"The Company’s 2012 exploration plan as announced in a Press Release dated March 19,
2012 and subject to the level of financing received and logistical considerations, was to
conduct an integrated exploration program in 2012 comprising airborne geophysics,
prospecting, geological mapping and sampling, hyperspectral airborne mapping and
2,500 – 5,000m of diamond drilling.
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Unfortunately, anticipated joint venture funding did not materialize and unseasonal
weather conditions impeded execution of planned surveys during periods of optimal field
conditions; hence, the planned work programs have been deferred at this time."
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There was no VTEM survey and there was no hyperspectral survey at Anik, despite multiple press releases from AXI management. It was all an elaborate series of lies: press releasing that you're about to start exploration programs that you have no money to pay for. Shameless behavior.