Tuesday, September 21, 2010 10:00:36 PM
The lines are not accurate from an actual property line standpoint. This uses the town sections to give us an idea of the areas that NAK acquired. When the deed was recorded it lists town sections.
If equipment could be spotted in these areas it would mean that the areas being tested are actually NAK's claims. If equipment were spotted in the other areas that still belong to us then it would mean that our areas are being core tested.
I REALLY think they are doing some core testing on our areas. The article I recently posted said they were examining 400 core samples PER DAY. NAK has apparently spent a decent chunk of $ already which indicates some testing is being done IMO. I don't know how long it takes to extract a core sample but from what I understand it's being sent to Fairbanks Alaska for assaying. My guess is this particular laboratory as it's the only one I can find that specializes in assaying but I could be wrong:
Alaska Assay Laboratories Llc
Place page
1921 Sanduri St
Fairbanks, AK 99701-7464
(907) 479-3110
According to their turn times on their website their turnover time is as short as 3 days but could take up to 30 days. Then it's sent to Canada for further testing.
turn times
I cannot imagine they aren't taking some core samples from our potential deposits. With a 60% earn in I'm sure NAK would like to prove out these claims. From a PR perspective, when the JV is formally announced I'm sure they would love it as much as us if they announced to the world additional PROVEN assets worth hundreds of billions.
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