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rbtree

02/02/18 3:51 AM

#22728 RE: BonesJones #22726

Sticking to this as the reason Argo pulled out?

Yes. The drill results indicated far far less than 0.39 gpt when taking into to account the length of each core. The Elena does not appear to be worthy of bulk mining. Yes, there may be some higher grade vein material.

And no, grab samples and some reverse core drilling doesn't establish an ore body worth mining either. Much more work would have to be done.

The fact they're now talking about new projects speaks volumes...and not in a good way.