EXSFF...As noted, the PDAC was a much busier place
Post# of 154
Posted On: 03/14/2016 10:21:27 AM
EXSFF...As noted, the PDAC was a much busier place than in recent memory. Through the entire 4 day event, the Explor booth was a beehive of activity, manned by as many as 5 company representatives, including 3 geologists. I was told some 700 business cards were gathered, now sorted, for further email and phone follow up.
Timmins Porcupine West….A Teck representative visited Chris Dupont on two separate occasions with ‘Drilling Results’ during the PDAC. The materials offered were incomplete. At the Teck reception, CD made all his/our concerns known to Teck’s most senior Exploration representative present, who promised he would ‘look into the matter’. So, with baited breath we continue to wait on the drilling results.
Explor’s Ogden Property is south of the TPW & is NOT INCLUDED in the Teck Earn-In Agreement. It is located adjacent to the Metals Creek property, jointly owned by Metals and Goldcorp, with Oban Mining owning a big chunk of Metals. Explor will be drilling one or two targets on this property as quickly as possible, following an intense review of all historic and recent geologic data. Given the high grade at TPW was found at depth, CD and the crew are thinking the same will apply here.
During the PDAC, lots of new rumours came to light in regards to the Glencore Kidd Mine, and their ‘new’ find. The 1,400m (half a mile) horizontal drilling ‘in a westerly direction’ appears to approach Explor’s property. New information adds some credibility to that contention. Permits are in place, and drilling will commence shortly, once a few details are sorted out. It’s rumoured Glencore is mining along the drill path to reach ‘massive sulphides’, alleged to be a ‘reflection’ deposit, rich with the same 60 elements they have mined at this location since 1964. Apparently, they also recently revised the mine life from 2021 to 2032. Makes you go hmmmm.
The average volume is way up on EXS, telling us all that new buyers are busy picking up stock. The warrant holders have been aggressively selling their .10 paper for a quick profit, and providing cheaper stock for the new believers. For every 100,000 shares sold in the market, the EXS Treasury is $10,000 richer. None of us likes what is going on, but this too will pass.
Timmins Porcupine West….A Teck representative visited Chris Dupont on two separate occasions with ‘Drilling Results’ during the PDAC. The materials offered were incomplete. At the Teck reception, CD made all his/our concerns known to Teck’s most senior Exploration representative present, who promised he would ‘look into the matter’. So, with baited breath we continue to wait on the drilling results.
Explor’s Ogden Property is south of the TPW & is NOT INCLUDED in the Teck Earn-In Agreement. It is located adjacent to the Metals Creek property, jointly owned by Metals and Goldcorp, with Oban Mining owning a big chunk of Metals. Explor will be drilling one or two targets on this property as quickly as possible, following an intense review of all historic and recent geologic data. Given the high grade at TPW was found at depth, CD and the crew are thinking the same will apply here.
During the PDAC, lots of new rumours came to light in regards to the Glencore Kidd Mine, and their ‘new’ find. The 1,400m (half a mile) horizontal drilling ‘in a westerly direction’ appears to approach Explor’s property. New information adds some credibility to that contention. Permits are in place, and drilling will commence shortly, once a few details are sorted out. It’s rumoured Glencore is mining along the drill path to reach ‘massive sulphides’, alleged to be a ‘reflection’ deposit, rich with the same 60 elements they have mined at this location since 1964. Apparently, they also recently revised the mine life from 2021 to 2032. Makes you go hmmmm.
The average volume is way up on EXS, telling us all that new buyers are busy picking up stock. The warrant holders have been aggressively selling their .10 paper for a quick profit, and providing cheaper stock for the new believers. For every 100,000 shares sold in the market, the EXS Treasury is $10,000 richer. None of us likes what is going on, but this too will pass.
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