Replies to post #8079 on Explor Resources Inc. (fka EXSFF)

[exsbull]

If we are selling to a major then maybe this type of hole is what they are looking for in terms of proving up a model. Makes it worth more to them than what the regular drilling can prove up and maybe even bring in more majors? I know the market doesn't quite get it but it may have been very important to companies wanting in either through a JV or buyout.

[gharma]

Drill bits can have difficulty at faulted zones where the lithology transitions and can be comparatively "loose" allowing for all sorts of problems. Consider as an example, a high torgue rotation pressing hard against hard rock suddenly breaking through into an area with looser ruble or void space to the left or right and the pipe and bit glance off to the left or right, probably bending the end of the pipe, wedging the bit, etc.

When I saw the second wedge, which had to be retried before success, I also assumed the first was abandoned with lose of metal downhole at the fault.

[Tomberry]

Amen..... let's get to the 3.0 million and unload before more dilution (that is if a major sees value in the 3.0 million at this point???). Sounds like it is going to take years and considerable investment to prove up 30 million oz.

[STR8Shooter2012]

Precisely correct, PB.