NO! The PR clearly explains the facts...
1. During the current phase Sarissa has completed 3 holes, DDH-08-69, DDH-08-70 and DDH-08-71.
2. DDH-09-72 was suspended at a vertical depth of approximately 113 metres.
3. Two more holes are planned in the immediate phase, which will delineate a block of approximately 150 metres by 50 metres on 50 metre centres within the main D Zone on the Company's 100 per cent owned Lake Nemegosenda Carbonatite property near Chapleau in Northern Ontario.
4. Additional holes have been planned to further expand on this zone.
Initially they will complete 6 holes. Once that is complete they will DRILL more holes to get closer to the compliance on the 800 feet by 600 feet on 600 feet area.
The delineation represents about 1/22th of the 20M tonnes or approximately 910,000 tonnes worth approximately $214M...
I do not know if this is the compliance report...
Hypothetical: What if SRSR does a smaller compliance for $214M and then keeps drilling to expand that compliance report???
Also, keep in mind that this does NOT include valuations on Tantalum AND REEs!
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