PDAC Sunday...PDAC 2016Heres a few of the highlights I observed.. 9AM-5PMDuring the course of the day, roughly 500 people dropped by the companys booth #2122. Five company representatives engaged with a broad spectrum of very interested investors, stock brokers, fund managers & newspaper reporters. Given the enthusiastic & broad based belief that gold will continue rising, I was left with the impression that EXS/EXSFF could see a fairly strong opening Monday. Further, its expected Monday will be a busy day at the show, with more brokers & analysts in attendance. I heard that the permit to drill on the property adjacent to the west of the Glencore Kidd Mine should be in hand by mid week. Given the original Kidd Mine started as an open pit in 1964, the initial drilling will go to about the 1,000ft level. The location will be a function of the geophysics & best approximation of the horizontal drilling done by Glencore last year, which could easily have encroached on Explors property. That could be moot, given any new deposit found by Glencore could be very wide, and encompass the entire Explor block any way. Im told the drilling would take about 10 days, given no major issues arise. To that depth, costs should be under $200k to complete. Now, I also heard that for some reason, theyve extended the mine life from the previous 2021, to 2032, an additional 11 years!! Having achieved a maximum depth of 9,200ft, which is mostly zinc, why extend the mine life, unless something exciting has come of their horizontal drilling at depth? Analysis of existing data is underway to determine the best targets on the Ogden property, adjacent to the Metals Creek/ Goldcorp JV property, and south of the TPW. A firm intention has been indicated by management to proceed as soon as possible, although at this moment, no decisions have been made on number of holes, depths, costs, etc. However, shallow drilling at the TPW yielded largely low grade. Most of the deeper drilling at the TPW yielded high grade. Given the higher costs to go deeper, EXS may limit to an initial one or two highly strategic targets. General consensus was that the Tahoe/Lake Shore deal would complete, and the TPW in serious play after that...