Post by
Massivesulfide on Jun 09, 2023 3:04pm
Corporate update
I had a chance to speak with Jennifer this afternoon. A decision about drilling in the North Rackla this year has not yet been made. She needs to speak to Chad about the location of the 19 drill results that were still outstanding from last year. She did indicate that some results came in from the lab today, but he's not sure whether they were soil or core results. She has said in the past drilling has started as early as May and as late as August. The cruise can be assembled quite quickly. Capital markets for juniors are crappy this year and Chuck may need to pay for the whole thing himself if they are going to proceed. She thinks that Chuck is weighing the pros and cons of drilling before th NI 43–101 is complete. Shortly after the AGM, Chuck completed his filing for the Morocco project and as of yet have not heard back. In the past the Moroccan government has been as slow as 18 months in corresponding. She is not sure whether the cause is the bureaucracy or they just don't want to spend the money. The site in Yemen is also still too dangerous to drill even though peace is slowly working its way through. It depends on when Chad can get through claim block 5 for Metalex as to whether or not Cantex drills this year. The fires have held the program up there and a corporate announcement is expected to be released later today.
Comment by
Snowball1843657 on Jun 09, 2023 4:44pm
I have little faith in this stock. I am sure Jennifer will talk to Chad when he is off the golf course.
Comment by
Canbea on Jun 09, 2023 7:12pm
Good for you. Then get lost. You old fart
Comment by
pennymaker69 on Jun 09, 2023 6:55pm
Thank you for calling the company. That's some good info. I see finally MTX has put out some news!