RE:RE:RE:Assay ResultsSavinfamily,
I was told in conversation with FSX Investor Relations rep during a phone conversation a few weeks ago that core samples were being shipped to a lab in Canada. Perhaps the company has changed up their procedures beteeen the last drillmresult updatecand the time I spoke with the rep .. ??
Thanx for pointing out that reference. it was in the Dec 18, 2020 news release, the last time shareholders were provided with any assay results .... 11 weeks ago today.
As previously mentioned, I spoke with the VP of Corporate Development of Calibre Mining earlier this week. He told me that their turnaround time from submitting core samples to receiving assay results is approximately 7 weeks. Calibre Mining had 16 drill rigs running prior to Christmas and currently has 14 operating as CXB continues to upgrade resources into reserves with infill drilling and expand resources with exploration drilling.
Fosterville South has so many exceptional targets to drill, but they have no ability to exploit what they do discover and therefore no source of income at present. These exploration plays live and die by the drill bit and a steady flow of assay results released to the public ...... and there are so many other opportunities out there competing for the resources investors' attention. Such an exmple as in CXB, which plans on 80,000 meters of drilling this year and already has two mills operating with about 1.5 million tonnes per annum spare capacity at their La Libertad mill.
Fosterville South needs to start releasing assay results, good, bad or ugly .... as it appears the last 11 holes that were "imminently" pending as far back as 11 weeks ago turned up nothing and the company has been waiting for better test results to bury the barren core samples in a news release.
And the 60 some odd RC holes in the first pass exploration drilling at Lauriston should be pretty close to being completed based on 80 meters per shiift for a reverse ciculation drill. That was announced on Jan 5, 2021 ......
A little more patience required .... but there is not much validity in the excuse of assay lab backlogs anymore, when other companies are clearly receiving assays in much less time.
GLTA