New drill programI think that is excellent news. The difficulty raising money for juniors these days, any extra reserves they can show will only be very helpful in raising funds for development.
It did surprise me a bit that at this stage they are drilling the parallel structures north and south at this time. I thought they would focus more on the western extension. More holes there could support increasing inferred, or possible, even proven results.
Scattering the holes all over the place may show potential for there to be 3 trends. But that would be a massive project and only end up with speculation there may be a much reserve.
I worked for a company in Toronto once that went really big.... but they ran out of money.
Now they have been drilling for months to the western extension. They have some cores according to this board. If the results were amazing (visible gold and stuff I read about on here), I would like to see them focus on proving that up.
Perhaps the investors have much bigger dreams and suggested they wanted the area examined in a larger scope.
Who bought the first $3 million shares of the pp? Was it institutional, and if yes who?