$EXSFF...DRILL RESULTS IMMINENT...We’re all excited GOLD appears to be getting stronger lately, holding in the US$1,265-70 range. Given some of the most recent geopolitical events, it’s somewhat surprising that we haven’t exceeded US$1,300 as yet. Hopefully, that realm is close at hand? Word from my associates suggests we could be looking at the Timmins Porcupine West GOLD Deposit drill results by the end of this week. If Dupont receives them Thursday or Friday, chances are he will hold off on a formal News Release until after the long August weekend, or Tuesday, the 8th. It’s probable a new video interview with Dupont will highlight the drill results, and possibly offer an estimate into upgraded TPW numbers? Obviously, any upward estimates, especially near surface, will strengthen the ‘Open Pit’ attractiveness to our prospective suitors. Speaking to those suitors, progress has been made on a number of fronts, with some positive feedback. Given its early days, when we will actually see proposals for the TPW is very difficult to estimate, although 2, or 3 may be forthcoming.
With Copper hitting two-year highs, revisiting the company’s Chester Copper Deposit seems appropriate. Based on the current two-year high of US$2.82/lb, that suggests the value of the known deposit is approximately US$295million. Apparently, some new interest has been expressed, and a prospective partner/buyer is taking a very hard look at the potential at the Deposit. That is an exciting new development! The drill results released last fall were nothing short of spectacular, especially near surface, firming up a solid case for an ‘Open Pit’ scenario.
