Just arrived home from work so I have some time for some more explanation. First of all my apologies for my English when I make mistakes.
Second and very important: every info is just my understanding so I can also be wrong about some parts.
Now let's go further:
1. With the US and Canadian financing EXS will have about 10 million to drill. Chris told me that this is enough to do winter drilling on KC and to drill on TPW untill summer. The 30.000m drill program will be finished around april-may. After that, they'll begin on a second 30.000m drill program.
2. About the upcoming NI43-101: I asked what they think the number of ounces will be. I suggested about 200.000 - 300.000 and that's also what Chris thinks. I tought around the end of 2011, beginning 2012 they will continue with an expansion on the NI43-101. So at the end of the summer 2012 we'll get a new report (probably double the ounces).
3. Chris is convinced that they made the discovery and in his opinion everything evolves very good.
- 1 drill rig is doing the deep drilling towards 900m. With the results so far, they've concluded that there are numerous gold vains which they try to determine better now. We aren't just drilling towards LSG because they want to increase the deposit further without blank holes.
When we know that gold has been found in every drill hole except 1, we can say that they do a good job.
- the second drill rig is used to do more "shallow" drilling (400m max). They think that's it's possible to build on open-pit mine in that part of the property. When you look at the presentation of TPW on their website, you'll see that they found numerous gold there. Of course there has to be enough gold to make it worth to make a mine.
I'll continue on the next post... otherwise it will be too long.
Greetings Steven
