During the last 2 weeks of October 2010, Auric assigned a team of 4 specialists including the Company's Prospector Robert Major to conduct an extensive work program on the property. The team took core samples, completed surveying and staking, and compiled geophysical data in the targeted areas of interest while onsite. Samples taken have been sent to the lab for analysis and the results will be reported in due course. Based on the results, Auric plans to complete the transaction as soon as possible and will then proceed to onsite operations including mobilizing mining equipment with the intention of commencing production.
How do you take core samples without drilling? Did they find them lying on the ground? Or are they lying, themselves...?
They completed staking as well...? That might suggest that they staked this land, and don't have to purchase it for "cash"...what kind of samples? Extensive work program?
How/why would Auric state that they will "complete the transactyion as soon as possible" based on the results? Do they know the results already? What if the results are no good? Will they still complete "asap"?
How exactly will they "mobilize mining equipment with the intention of commencing production" when they just staked it...have done seemingly limited anything...no critical information...no advanced geophysics...no trenching or testing...and NO drilling? Drilling is three - five years off...
More likely they paid their "prospector" some cash to take a walk in the woods...if even THAt was done...this thing wreaks of dead Moose...pasture...caveat emptor...only a fool plays in this game...
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