GREY:NWSKF - Post by User
Post by
goindeeperon Jan 10, 2014 7:37am
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Post# 22077073
Drilling underway at Aurea Norte. Results soon?
Drilling underway at Aurea Norte. Results soon?From Dec 20, 2013 MD&A
on November 5th, 2013 drilling at Aurea Norte commenced with a 5,000 metre program designed to test a selection of ZTEM anomalies with favourable coincident geology and geochemistry. Results will be used to plan future drilling in conjunction with ongoing geophysical modelling and surface mapping and sampling. A total of 1,493.5 metres have been completed in three holes with one hole in progress as of the date of this report. A total of 472 samples of drill core are pending from the laboratory. Drill collar data is provided in Table 5.0. The ongoing exploration program includes drilling, mapping and sampling programs and geophysics and is expected to take four to six months to complete with a budget of one million dollars
Newstrike has 3 more years of experience of the area geology behind them. I hope they are good enough that one of these holes will hit.
This progam will only cost 1 million dollars, that leaves lots of cash for further exploration.