I would like to comment on the latest presentation by our President & CEO Greg Gibson which took place in Hollywood, Florida on February 28, 2012. Strip Ratio......1.96 to 1....this is most excellent!
The Preliminary Economic Assessment (PEA) will be released by Mid Year 2012.
100+ Metallurgical Samples will be sent for elaborate testing and will be included in the PEA.
The Mollie River that flows through the Cote Lake Deposit at its peak 10 feet wide X 3 feet in depth. Very easily diverted...the flow plan divergence is in the presentation.
200 Holes have been collared thus far....only 138 have been released thus far.
Expansion Drilling to the North....they have encountered "typical Cote Lake looking mineralization"....for the longest time I have mentioned that the chance for significant expansion lies to the North...North East. I cannot wait for the results!
They are back into Copper Mineralization as they drill to the North...North East.
They are concentrating on the Wetlands at the moment @ 8 drilling rigs...once break-up sets in they will mobilize the drilling rigs to the North in order to target additional resources...sounds to me that they like what they are finding to the North...expansion of resources!. Remember...there has been and there still is a drilling rig operating in the North East Region of the Cote Lake Deposit. This is evident by the findings on the Updated Diamond Drill Hole Location Map namely, holes E11-148...161 & 168..drilled in 2011. Holes..E12-174...176...189...193...195...drilled in 2012.
The last news release in regards to assay results covered up to hole 138....therefore hole E11-148 will be included in the next release which will give us some idea of findings as they push North...many more holes to come after that...we will have to wait patiently.
Hole E12-193 is located right on the once shared border we had with Augen Gold which is located about 150 metres North from the last hole drilled in the region...Nice!
I am not posting this information to make myself feel better or anyone else for that matter...reality is factual information...we have it and more!
The market has over re-acted and is treating us as if the story is dead and the chances of a Mine being built have been reduced dramatically...that is Nonsense!
I always like to remain objective as an investor not subjective due to the fact that I have a significant investment in any one entity...leave the emotional aspect out of the equation.
We have something special!
One week of trading action will not destroy two years of exploration, hard work, factual information and tens of millions of dollars being put to work!
Market forces should soon return to normal and better days will come!
Digger144
P.S. Years of exploration to come! Confirmation and Expansion of Resources!