Shores 2001 directions.To all the SGF longs and also the one's that are just catching on to this Huge find by Shore Gold.
This past week I emailed Shore with a few questions I wanted aswered.I was happy to recieve a prompt reply back the following morning.
The 1st question had to do with the core sample from Star 020.Was this core sample sent to a lab for testing?If not will it be in 2001? 2nd question was about Superior diamond valuations from KRT/DB's and if this would step up bulk sample in 2001? 3rd question was about financing and the 4th was if Shore will proceed with more NQ/PQ drilling to determine where bulk sample will take place?
Here is a shorter, sum it up version of the reply I recieved from Jonathan Challis.
The Star 020 core was not split and sent to any lab because the bottom 300 meters of the hole were BQ core and there would have been too little of a sample to gain much from analysis.That is why Shore will drill a PQ hole in the vicinity to better test the pipe.Shore has taken thin sections from intervals down the core and also from cores in the vicinity that they know were diamondiferous.The thin section work confirms that the majority of the core from Star 020 is diatreme material,and is related to the material from the surrounding holes.Shore Gold will be issuing a news release on that work in the near future.
Shore has now finalised the drill program for the 1st part of 2001.This will is aimed to better delineate the pipe structure so they can obtain maximum benefit from the PQ hole that will be drilled.Shore expects this to be the last phase of drilling prior to talking a bulk sample of no less than 3000 carats. Shore expects to start towards the end of 2001 and complete by this time next year.
Shore's budget is in place for 2001 and talks are underway with several parties that have indicated a willingness to participate in any financing they undertake.At this time the drill is on site and shareholders can expect details on financing on or before the annual meeting on June 14th.
Shore has a good understanding as to where the bulk sample will be taken from.The bulk sample will come from at least 4 locations where already drill hole assay values are available.Shore is very stong on their intention to sink a shaft once the PQ hole on the pipe is completed.By doing this they can they can get a better idea as to the importance of the coarse size fraction that KRT/DB's have found to be so important.
Shareholders can expect several news releases prior to the summer,more detail will be included in the Annual Report which will be mailed to shareholders next week.
I hope this post helps all shareholders of Shore Gold in understanding the the direction on Shore managment.It is going to be a spectacular year.