Drill location screw up? NOT
I can easily answer that. Drilling that was done on the property was done in the 1950's were done with small drill rods (2") . Don't forget the entire area was forested in the 80s' 90's and all township line pegs were removed during the work. Further, those old drillers did not leave the pipe in the ground as they pulled them out as they wanted to reuse them. The old drillers were very thrifty. As well, hardly any of the drills were in bedrock (over the property the average overburden ((soil)) is 4 metres to 11 metres thick) so one could not locate the holes 50 years later. So one says, 'why not go over the township lines and figure,measure out the historic drill holes from there'? Well, most the townships in the area are in 'unorganised townships' which means they are not surveyed. As a matter of fact bring up a Nemegosenda map (see above) and you will realise that the southern border of Collins Township and the Northern border of Chewett- the west side of the lake on the 'border' is 200 metres North of the same 'straight'line on the east side of the lake over the stretch of only one mile or so. I measured it myself (modern GPS) while working up there. So to use those township lines to figure out where old holes is impossible.
In the fall of 2014 the junior geologist , while drilling Hole DDH_86-14 he found a drill hole in the bedrock, that was exposed because the drill had been pushed over the soil as 86 was only 2 metres away. The senior geologist comparing the geology of #86 to historic drill holes found that the old hole was DDH 10-55. Very lucky and great so that now the old grid and the new grid can be put together!
One would think that shareholders would be happy and grateful that we can now, through luck primarily, know exactly where we are; one would be wrong.
As far as management sucking monies out of the company , it is complete and utter nonsense.
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