From: loantech
Hello amarks,
I talked to Randy about a week ago. Here is what he said in no particular order.
1.Drilling started at Gitana about the 25th of July.
2.Don't expect assays until October.
3.They have staked a tremendous amount of land to the south. Said there may be news the third week of September or so on Pena Blanca or and another area of interest in what he is referring to as the Gitana district. <g>
4.Said he was very pleased with the first round of drilling. Said all the core contained gold and he was pleased with the broad dissemination of gold.
5.Ramping up drilling and at some point will get a 2nd rig. Drilling to 250-300 meters on next holes.
6.Will try to wrap up two JV's by years end.
7.Said they have found multiple feeders, they expect higher grade at lower elevations and at depth. Do not expect to drill the highest grade zones until spring.
8.Mentioned off hand that they have had several very pleasant surprises is how he worded it.
9.Drilling to the north of the last holes now and in two months or so will move to the south and south east.
(Amarks by looking at any maps etc do you make anything of that?)
10.Said they are pleased with ounces found so far but are not going to throw out any numbers for some time.
Sort of a basic update. But I am very happy with his tone and the fact he keeps repeating of tonnage, size, new district etc.Sure we are in the early stages but as I have said before if I had to pick a grass root stock that might become a mine I would put my money on CKG.
tom
