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Monday, August 16, 2010 8:42:19 PM
The assay results are not complete nor reviewed by our team, no other reason than this as to why they have not been released. It has nothing to do with a symbol change nor outstanding shares that I am aware of.
We need to keep in mind the geologists we have working are probably on-site at Handcamp and are pretty busy with the drill program and have not had time to review the assay results.
Also each step(soil samples, trenching etc..) we have taken thus far have come up GOLD.
BVIG/KATX concerning the Handcamp property is at the stage (EX-4) of verification of anomalies and showings.
The objectives are to investigate the cause of anomalies.
Find mineral showings.
Acquire additional claims, leases and properties.
EVALUATION METHODS
Geological mapping and other surveys. Trenching, drilling and sampling. (This has been done)
Appraisal of results, recommendations for further work, and selection of new targets. (THIS IS WHAT WE ARE WAITING FOR)
Based on the last PR we know more drilling is already in the plans or being done.
Zone #1 where the first 3 drill holes took place still show that mineralization continues at depth and will require deeper testing to determine the true depth of this area of the structure.
Results
Mineral showings. (The question is how much?)
The Next stage (EX-5) IMO will be the BIG MONEY..To..THE...MOON...stage
Discovery and delimitation of a mineral deposit.
The objectives are to Discover, delimit and interpret grade, quality and tonnage of a new mineral deposit.
Determine if it constitutes a mineral resource of “potential economic interest” to justify more intensive and detailed work.
EVALUATION METHODS
Stripping, trenching, mapping, sampling, drilling and down-hole
geophysics. Initial mineral processing tests.
Environmental and site surveys. Mineral resource estimation and
inventory.
Results
Mineral deposit. (or for us MONEY in the bank)
The process is going to take time. The samples sent to the lab were expedited as the results are needed to give management the information needed to make the best informed decision.
The information is located at:
http://mmsd.mms.nrcan.gc.ca/stat-stat/expl-expl/pdf/04_e.pdf
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