InterestingVery interesting NR from the company last week. Channel chip sampling continues and more and more tunnels are being found and will have to be sampled. This is a very cheap way of getting a handle on the vein systems and the grades throughout the property.
Also confirmed that the bulk sample will be done off the Merritt decline and some permits have to be got for this. Looks like they are going for the 7oz high grade material nearby. Very interesting.
Also of interest is the news that they will undertake an induced polarization survey of the Pamloco zone and also the Pediment zone. This is interesting because up till now they have been concentrating on the oxidized material which goes to a depth of 300mts and is very easy to mine. Now they are doing an "IP" survey of the deeper rocks to try and find the source or feeder zone for all this gold and depending on the results of the survey they may well drill for this feeder zone.
It just keeps getting better and better at Pamlico. Share price is starting to move along nicely on good volume and the penny flippers are selling to stronger hands. This is a great stock to have with all these new developments taking place and are now funded to execute their new strategies.