$EXSFF FINANCING 2017... As a long-term shareholde
Post# of 154
Posted On: 12/12/2016 6:36:13 PM
$EXSFF FINANCING 2017... As a long-term shareholder in the company, its really nice to see the financial support of a growing core of serious investors in the Private Placements over the past few weeks, in spite of the price of GOLD. I have to assume these people believe, as I do, that GOLD is going to do very well as we move into 2017? I’m sure all of us have an opinion on that? One thing that is for certain, though, is the prevailing price of Copper, in the US$2.65 range. In retrospect, six copper mineralized zones over a couple of hundred meters in just the first drill core reported from the company’s Chester Property in New Brunswick is spectacular. Quoting an excerpt from the November 30 announcement, “The Chester Property is known to contain both a copper deposit and a VMS deposit. The copper deposit has an Open Pit resource with Measured & Indicated resource of 1,400,000 tonnes grading 1.38% Cu, 0.06% Zn & 3.5 g/t Ag and an inferred resource of 2,089,000 tonnes grading 1.26% Cu (assayed for Cu only).” Additional results on the other holes drilled should be released before the end of the month. I would think the ‘Measured & Indicated’ figures quoted above will require a significant upward adjustment on the heels of the expected News Release? Hopefully, the results of the Indium, Gallium & Cobalt testing will add a meaningful value to the deposit as well.
Geophysics continue on three of the Company’s properties in preparation for drilling in the New Year. Those results should be released to shareholders as the reports become available to management. Addressing the nagging question about the Company’s Kidd property, I’m happy to report all details relative to the Downhole IP delays have been resolved. With guarded optimism, CD is hoping the Geophysics firm can complete their work over the next number of weeks. He’s in Timmins this week to facilitate that process, and visit with some of the Company’s senior shareholders. Once that’s done, re-entry & wedging from one or two of the holes drilled last summer becomes imminent.
A video conference with Teck geologists, and officials is slated for some time in January. That should give us a fairly good idea about the planned drilling program at TPW including how big, exactly where, and, of course, when? We know what these guys can be like, so let’s not hold our breath.
Geophysics continue on three of the Company’s properties in preparation for drilling in the New Year. Those results should be released to shareholders as the reports become available to management. Addressing the nagging question about the Company’s Kidd property, I’m happy to report all details relative to the Downhole IP delays have been resolved. With guarded optimism, CD is hoping the Geophysics firm can complete their work over the next number of weeks. He’s in Timmins this week to facilitate that process, and visit with some of the Company’s senior shareholders. Once that’s done, re-entry & wedging from one or two of the holes drilled last summer becomes imminent.
A video conference with Teck geologists, and officials is slated for some time in January. That should give us a fairly good idea about the planned drilling program at TPW including how big, exactly where, and, of course, when? We know what these guys can be like, so let’s not hold our breath.
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