News blackoutThe news release this morning doesn’t provide any meaningful project updates. The borehole assays from the Finnish project appear to be from holes that were drilled last year (LK20 series) and pertain only to the Murtolampi Zone, which is a sidebar.
1) no new assays are presented from the Kuakua South zone, which presumably has been drilling since January.
2) downhole geophysical surveys were apparently completed at Smoke Lake in January. These surveys have the ability to detect off-hole conductors, but no word on these results and no word on when drilling there will resume.
3) The Disraeli anomaly was supposed to be drilling on the ice in February; no word on that one either.
This news blackout seems a bit weird, considering that the Prospectors and Developers Convention starts on Monday. P&D scuttlebutt this year will, no doubt, be all about mergers and acquisitions. M&A activity has been muted over the past several years, but with the major mining companies now all cashed up, and the mining executives gaining more confidence that these higher prices are gonna stick, M&A activity should be picking up shortly.
The Mookster