RE:Drifting (developed meters) 1065 meters in Q4 The lion's share of the exploration and development focus remains on San Francisco Project thpugh. Of course Rochester exercised their option to own 100 percent of it by paying the $1.5 million in cash in which the CEO and directors chipped in over $600,000 dollars.
Drifting | A total of 1,056 meters were developed during Q4 and the allocation amongst project areas is as follows: Area | Mar. 2013
(meters) | Apr. 2013
(meters) | May 2013
(meters) | Mar/13 -May/13
(meters) | % |
| Tajos Cuates | 196 | 159 | 146 | 501 | 47% |
| Florida NW Project | 0 | 0 | 0 | 0 | 0% |
| Florida SE Project | 0 | 3 | 0 | 3 | 0% |
| Macedo Project | 0 | 0 | 12 | 12 | 1% |
| El Gringo Project | 0 | 0 | 0 | 0 | 0% |
| San Francisco Project | 168 | 163 | 209 | 540 | 51% |
| TOTAL DRIFTING | 364 | 325 | 367 | 1,056 | 100% |
Of the development work completed during Q4 a total of 80% was on exploration and infrastructure.
| Type of Drifting | Mar. 2013
(meters) | Apr. 2013
(meters) | May 2013
(meters) | Mar/12 -May/13
(meters) | % |
| Exploration | 195 | 164 | 195 | 554 | 52% |
| Preparation | 60 | 46 | 106 | 212 | 20% |
| Projects and infrastructure | 109 | 115 | 66 | 290 | 28% |
| TOTAL DRIFTING | 364 | 325 | 367 | 1,056 | 100% |