Auteco is moving and shaking on drilling because if you had a lottery pick like PC fall in your lap wouldn't you be moving on it? Yes and furthermore Shorrocks wants to spend the exploration money required for completion of the stage 2 agreement ASAP. When that's done he can attempt to steal our remaining 20% from Dan. Paying us with more cheap Auteco shares.
Dan talked about Cameron drilling last year, so this isn't something new. He was never specific on when the drilling would start, but we're nearly to August and nothing yet. I recall him mentioning it again in one of the most recent webinars, but again he never mentioned a date for it to start. Why the hold up? Who knows. Maybe they'd rather spend on the pump and dump instead of drilling?
As I recall there has been some preliminary work done at Cameron, but I don't think it was any substantial drilling. I believe it to be mostly near surface type exploration that showed a lot of near surface gold that would translate into doing an open pit operation. They may have mined some parts of the Cameron property, but I think those were small areas with the lion's share of the property almost unexplored. Just my guess, but Cameron could be as good or better than PC of course that's yet to be determined.
There should be no concerns regarding jurisdictional risks with any of our properties and the only reason I can think of as to why Keith bought Jerritt Canyon is maybe they wanted some mine exposure in the U.S.
Nevada is very mining friendly and maybe Keith wanted to spread the money around. JC is under explored also. I watched a recent interview by Keith and he spoke to doubling the mine output there is a couple of years. JC has big potential. It was also a deal Keith did in connection with Eric Sprott. I didn't know that until he said something about it.
With the Mexican lawsuits on-going there's no reason to expand there currently. They bought the Canadian properties for the good jurisdiction.
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