Feedback on Scotia technical session last night....I attended the session yesterday afternoon in Toronto at the Turf Lounge. Great session overall. I would estimate there were 50 people in the room, lots of representation from major mining companies. Scotia put on a good show. There was a room where some of the cores from some of the best holes to date were on display. Dr. Duncan Large went through about a 60 minute presentation providing a geological history of the region and some models of Cukaru Peki prepared by SRK when they did the initial estimate. Chris MacIntyre and Duncan were available to all after the session for Q&A. A few thoughts:
1. It sounds like initial geophys on the 100% owned property is complete and went very well. As noted in the presentation, this is virgin land which has had no previous exploration, but is in a highly prospective region. Judging by the maps shown of the region, the success at Timok thus far, and the surrounding activity (i.e. historical Bor workings), I think there is a very high potential for another significant discovery.
2. Expectation is that there should be significant news flow over the next few weeks: confirmation of exploration budget for 2014, rest of assays. Dr. Large noted that the reason for the delay in the assays was that Freeport was using a lab that did not have the capacity to process the amount of material they were drilling. This should be corrected going forward as they have expanded the capacity of the existing facility, and added a second lab for any overflow.
I suggest you listen in on the call at 12:30 for more.
TGB