#EXS...CHRISTMAS REPORT...I had a brief chat with Chris Dupont the other day. First, and foremost, he wanted to thank all shareholders for their patience, & support, and to wish all of us the very best Christmas with family & friends. He added that 2018 could be the best in the Company’s history, given some of the developments behind the scenes. Following a brief time in Montreal, he joined the East Bay drilling crew last week, on site, as they completed the first hole, and assisted with logging, splitting and getting the core samples to the lab. He wouldn’t comment on any visible mineralization, awaiting assays, presumably in the New Year. The second hole is down to roughly the 350-400meter mark, at a site some 10km from the first. He expressed a lot of optimism about this second location, which should achieve full depth by this Thursday, when everything stops for the holiday. Although he wouldn’t share the exact location, he did indicate this second hole is very close to some significant historical drill results.
Adding in the recent property acquisition, the total regional land holding at Ogden has grown to 2,006.56 hectares. That’s a huge piece of land. Within at least one of the blocks, we have some past production Dupont wants to take a serious look at moving forward.
I’ve discovered the drilling contractor working at the Kidd Mine is not a local company. I’m guessing that’s to keep the local rumour mill from getting around Timmins, & Sudbury. I’m waiting to hear more from locals who are trying to get more info. If, in fact, there is merit to a new, secondary, VMS deposit north of the mine, Explor’s Carnegie property could be worth a fortune.
Whilst I was hopeful that negotiations with a number of groups might have come to fruition by now, things are still in process. With Copper’s US$3.15/lb. price tag, the Chester copper/ silver resource continues to become more attractive to prospective JV partners, or buyers. Further, very serious discussions regarding putting the Company’s Timmins Porcupine West (TPW) GOLD resource into production continue.
As customary this time of year, tax loss selling offers a tremendous opportunity for all serious investors to take advantage of.
