GREY:ALXDF - Post by User
Comment by
EricOwensFGon Jun 14, 2018 1:54pm
101 Views
Post# 28173228
RE:RE:Ask Me Anything - Eric Owens
RE:RE:Ask Me Anything - Eric Owens@JackRo Q: Were you going to spend the $20m continuing the same drill program that turned out to be ineffective?
A: I disagree that these efforts are ineffective. As per current management’s last news release, we can see that there are instructive results for the property. The current management sought to make the resource estimate look like bad news. The truth couldn’t be more different, the results showed an increase in resources over that of 2009, in spite of not including 25 per cent of the drilling, the results still showed an increase in the resources of over 20 per cent. They provided for new solid gold bearing targets well beyond the current resource and provided a new, more robust geological model. The resource estimate itself was always intended to be the first step in an aggressive, multi-phased exploration program and was never intended to be a final word.
Please read our news release in response to current management’s reporting of the resource estimate. https://static1.squarespace.com/static/5ae35192f8370aa92a7851e5/t/5b214713352f531b0260548a/1528907540092/PressRelease_Jun7.pdf