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Saturday, 08/15/2009 6:07:42 PM

Saturday, August 15, 2009 6:07:42 PM

Post# of 165858
Alright guys, update time...

Not much exciting news from Merle. He confirmed that they are drilling as much as they can in the Hawke zone, as per the NR. On site, as of right now, there is still just the one drill. He would not elaborate on plans to add more in the near future.

We've had a ton of stormy weather up here in Ontario, so he said that they are drilling as much as possible (couldn't say for certain how many days out of the last 10 for sure as he's based in BC, not ON), but that they'll be drilling so long as it doesn't become unsafe for them to do so.

Other than that, nothing to report. I don't even bother to ask about financials, financing, or future developments, as Merle really is a "when there's news, we'll release it in a NR" kinda guy - which you have to appreciate. No pump here. Just the facts. No insider info. Just the facts. No spilling the beans. Just the facts. That is the responsibility he is charged with and he consistently does his job...at times it may be a bit frustrating as I, myself, think there are some questions that should be answered without "breaking any rules" but that's for the company to decide, not you or I.

So, once again, we wait. Just know that drills are turning. Progress is being made. And though Merle cannot confirm this, I am confident progress is being made on the financial side of the business as well. There's no way Scott is just sitting in a lawn chair watching the guys drill up there. You've gotta think he's working the phones, working his contacts, guaging market value and interest for our little gem.

Any day now we could have one sweet surprise of a NR with info that none of us are even expecting. And THAT may be the NR that defies our propensity to "sell on news". I'm kinda thinking it will be!

Enjoy the rest of the weekend folks.

~KS~