Rawhill Bonanza For those of you who are not familiar with the Rawhill Bonanza project, this is an excerpt from a Premier document:
Goldcorp has announced a trade-off study where construction of a high-speed tram to connect the Red Lake Gold Mines complex and the Cochenour (Bruce Channel) Mine complex is the favoured method to develop its new deposit. A portion of this tram may pass through, or in close proximity to, the joint venture project providing an excellent exploration platform. This tram will intersect several kilometres of some of the highest potential and untested geology along the main Red Lake "Mine Trend". The Red Lake Gold Mine is considered to be one of the world's richest gold mines with production of more than 18 million ounces of gold and nearly 10 million ounces of resources. Work on this haulage drift project has already commenced.
Premier believes the Rahill-Bonanza Project simply represents the "best positioned gold property anywhere", making Premier a compelling investment opportunity and significantly undervalued compared to other junior explorers in the district.
Sounds pretty good to me, Why haven't we had an update? If there is a takeover involving Goldcorp are we just going to hand them the "best positioned gold propertyanywhere" on a silver platter without making any attempt to evaluate what this property is really worth? What happened to the drilling platforms that were supposed to be set up in the tram tunnel? If they were set up and drilling was conducted where are the results?