Spur Ventures Inc SPVEF

AGB/Sheet Harbour Meeting

[BruleShore]

 The purpose of the meeting was to inform the public of Atlantic Gold’s Fifteen Mile Stream proposal and the exact site location. The format was a semi-circle of posters describing the mining process from start to finish.There were several AGB personnel in attendance including General Manager Tony Woodfine, VP of Mine Development,Alastair Tiver. A geologist and an environmental specialist with AGB were also present and helpful.

 I spoke with Alastair for 30 minutes about a number of things:

 1)CEAA....Canadian Environmental Assessment Act
The CEAA established the legislative basis for the federal practice of environmental assessment.The 2 meetings this week are an important part of a very complex lengthy process.
I would encourage anyone interested to Google “CEAA” for a better understanding of the work involved.

 2)The Phase 3 drilling program at FMS.He couldn’t give an estimate as to when the final NI 43-101 will be released as the final holes were drilled in early March and are still in the assay stage. Alastair assured me that any NI43-101 originating from AGB is very well researched.We also talked about how measured and indicated (M&I) is calculated.

  3)The permitting process for exploratory drilling between Beaver Dam and FMS is underway... so as we speak there is no drilling happening but is expected within a week or so.He expects no drilling between FMS  and Cochrane Hill this season. My thoughts are there is a LOT  of territory to explore between Beaver Dam and FMS.

  4) Final approval for FMS will take at least 2 years.. maybe longer. Once in production there will be from 7-10 truck loads per day of concentrate delivered to Moose River for final  processing.

  5)Gossip....I quizzed Alastair up about Osprey Gold and Anaconda. He said when analysts come to visit AGB, they sometimes ask about OS and ANX and do a little snooping.
I asked why AGB didn’t snap up Cariboo before Osprey did...he said he wasn’t involved in that.

  I stayed about 90 minutes... not a huge crowd.. maybe 20 or do...one noted Nova Scotian anti-all-development person there with notebook.
The AGB attendees were professional and confident.They know what is involved in the CEAA and are committed to working with the stakeholders.I have a much clearer idea of what is involved in creating an open pit mining operation.
I’m not selling my shares anytime soon.