Cat just a few points of clarification so people don't get a distorted idea of time frames.
The drill hole locations would have been on their Notice of Intent that was submitted to the BLM. They would have needed to locate the holes and access to the holes. If they do drill my guess is that it would be reverse circulation drilling as it is less expensive and faster. A modest drill program will take 5-8 weeks. Currently labs are backed up and results are coming in roughly 1 month after samples hit the lab. For a 10 hole program with 700 foot holes you are looking at about $350k which would include all costs.
At best if they started tomorrow they would be 10 weeks out from having results to press release. Also it should be noted that the site is not remote. It is a very easy and short drive from Lone Pine. Logistics are not a problem.
Can't wait! I am sure they have a contractor ready to go. When I talked with SUGO their main concern was to be environmentally friendly across the board. So, any lead you have that is such, I'm sure they'd consider.
$200,000 isn't much in the grand scheme of things.
How does this exploration compare with the full $7-9 Million job they were originally looking for funding to do.
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