Firing on less cylinders.Progess has been hindered due to the share price.
Budget for 2016 is 7.5million with $5.4million on exploration.
At least BAR did not blow out the shares to 190million according to Mr.Foulkes.
Current capital is a little over 9million.
2016 fully financed :)
Mr.Wagner resigned from NCA recently.
The infamous resource estimate for bug lake is now Q4-2016 or near the end of the year.
Interesting fact 51% of drill holes hit 10G.
5 years of drilling 129 holes(
An
excerpt from Goldcorp's Virgnia mines takeover.
Of the 212 drill holes completed to date on the entire property, over 70% have reported assays greater than 10 grams of gold per tonne,
Here is the full news release from goldcorp.
https://www.goldcorp.com/English/Investor-Resources/News/News-Details/2005/GoldcorpToAcquirelonoreGoldProjectFromVirginiaGold/default.aspx