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Here is the 2020 plan from the 10Q.

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Stockshound   Wednesday, 08/21/19 01:39:41 PM
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Here is the 2020 plan from the 10Q. I had contacted the company for more information and have yet to hear back..

Our planned operations during fiscal 2020 are focussed on advancing our Blind Gold, City Creek and Homestake Paleoplacer gold exploration properties and to continue to build on our overall property position in the Homestake District of the Black Hills of South Dakota.



We are planning to fly a broad high definition airborne geophysical survey to enhance our current drill targets, as well as to screen other areas of interest within the district. We have budgeted for several field sampling /mapping programs and to perform preliminary metallurgical test work at the Homestake Paleoplacer Property. We have planned to complete site preparations, and to conduct our first drill program on the Paleoplacer Property. Additionally, our budget provides for the commencement of necessary permit work for the Blind Gold and City Creek Properties and provides for our general operating expenses and the maintenance of the Company’s Mining Claims and leases.



Table: Fiscal Year 2020 Proposed

Exploration Expenditures (000)




General & administrative


$ 334

Airborne survey


$ 475

Field programs/Met Testing/Data


$ 90

Drilling/Drill Support/Site Work


$ 158

Permitting & Environmental


$ 185

Property Holding /Acquisition


$ 265

TOTAL


$1,507



Our operations for fiscal year 2020 are planned and budgeted at approximately $1.5 million. Our current working capital will not be sufficient to cover our estimated capital requirements during the next twelve-month period and we will therefore be required to raise additional funds in the amount of approximately $1.35 million through the issuance of equity securities or through debt financing. There can be no assurance that we will be successful in raising the required capital or that actual cash requirements will not exceed our estimates.

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