near term outlook
Drill results coming from the Manto Dorada, Manto Nazareno & Lisa Vein in october
- 4+ holes were drilled into these structures from the surface and results from these structures are also coming from underground inside the crosscut.
Drill results coming from the surface of the new outcrop findings
Crosscut #1 - Sept 3rd news release said they have crosscut 622metres out of the total 675 they set to go. 53 mtres to go. At 3 mtrs/day means they have finished the cross cut now.
Now that the cross cut is finished they should be building the drilling room, which they will use to to further explore the Manto Dorado, Manto Nazareno and Lisa Vein to test the depth and further the length and discover the enrichment/ bonanza zones.
This drill room will also be instrumental in shoring up our first NI-43 101.
Crosscut #2 - Total length is 485 mtrs, it is currently excavated to 183 mtrs. On sept 9th they reached the NE extension of the Manto Dorado, so these results are just around the corner too.
Using an excavation rate through the crosscut of 3 mtrs per day DNG has aprox 90 days to go before they get to the end of the 2nd crosscut. There is very good potential new structures will be discovered along the way.
Excitment is building from recent surface sample discoveries on zone 3&4 of the skarn, which are being drilled now. This is very exciting because the structure and findings are noted by a geologist from a nearby discovery as being exactly like what he discovered on there well known property.
ORE PRODUCTION DIVISION
Chala - (the brand new cost efficient production facility)
Expecting photo update in October
Construction progress update coming in October
Huanca- (exisitng 300tpd production faciltiy)
3rd quarter production & operations news update coming in October
construction update coming in October
Louse James, analyst from Casey Research visited Chala & Tumipampa at the end of September (report coming soon)
As you can see there is much going on in quarter 4.
I expect all of the this news and the completion nearing at Chala to reignite this stock ....it looks like that is happening already...
this week should be interesting.