$EXSFF...A BRIGHT NEW YEAR? My hope for all readers of this posting is that you all had a wonderful time celebrating Christmas in your own way surrounded by friends and family. Between my various events, I was stunned by the sheer volume of commentary on the future price of GOLD. Given my obvious interest in the yellow metal, and its impact on EXS/EXSFF stock price, I typically cherry pick positive indicators to support my belief that GOLD will escalate in the near future. In all good conscious, although my gut tells me we are heading up from the $1,130 neighbourhood in the New Year, capital flight from various dubious currencies around the world into the USD is putting a damper on that. The price of GOLD is a reflection of the perceived value of the USD, and that perception is fueled by demand. I’ve been hearing about a probable correction in the USD to the downside, but the myriad of factors contributing to that notion are confusing at best. So, for me, the jury is still out on that one. I’ve also been reading about diminishing supplies, and growing demand on GOLD by Russia, China and India, and a further anticipated demand from the Muslim community. That for me breeds hope as I continue to add to my position in EXS/EXSFF, taking advantage of the tax loss selling through year end. Apparently, CD bought 25,500 shares near the close last Friday at .07CDN, suggesting he thinks GOLD will do better as we move into 2017?
The Down Hole IP has been completed north of the Kidd Mine. A drill rig has been moved to the site to continue drilling from recommended wedging levels, and inclinations within the existing drill holes from last summer, starting in early January. The Geophysics report should be finished and in CD’s hands by Friday. Given the rental rates on both rig and crew, CD is pushing for a January second, or third start to the drilling process. Having encountered Exhalite (a known precursor to VMS deposits) on two separate occasions last summer, I’m pretty optimistic about this upcoming program.
A relatively large number of core samples were sent to the lab from the Chester Copper Deposit in New Brunswick. I’ve heard that some new results are as good, or better than those announced last month, although quite a few assays are still forthcoming, given the usual seasonal delays. I suspect we’ll see that news somewhere in the next couple of weeks.
A teleconferencing date, and time have not as yet been established for the Teck/TPW drilling campaign. I do believe, however, that with Tahoe encroaching ever closer to the TPW from the west, that Teck will be inspired to accelerate their efforts on the property. More on that to come.
The geophysics report on the Company’s PG-101 property is being finalized as I write. The report indicating some interesting anomalies and targets, will be in Dupont’s hands shortly, and decisions can be made on possible drilling on the property in the New Year. Likewise, geophysics are ongoing on the Montrose property, 3,432Hectares west of Kirkland Lake, Ontario. This is a ‘new’ one to most of us, but info is fairly comprehensive in the Company’s website. Again, dependant on the geophysics, a drilling program may be undertaken in the New Year. Geophysics are also being performed on the East Bay properties near the Town of Duparquet in Quebec. Laying within the Porcupine Destor Fault zone, representing 2,632Hectares, I’m pretty sure drilling will be done during 2017, especially in view of Flow Through provisions on much of the Private Placements subscribed in November & December, 2016.
All in all, we have tremendous ongoing activity on a number of fronts. In spite of market conditions, or the Holiday season, CD continues to motor forward.
The Down Hole IP has been completed north of the Kidd Mine. A drill rig has been moved to the site to continue drilling from recommended wedging levels, and inclinations within the existing drill holes from last summer, starting in early January. The Geophysics report should be finished and in CD’s hands by Friday. Given the rental rates on both rig and crew, CD is pushing for a January second, or third start to the drilling process. Having encountered Exhalite (a known precursor to VMS deposits) on two separate occasions last summer, I’m pretty optimistic about this upcoming program.
A relatively large number of core samples were sent to the lab from the Chester Copper Deposit in New Brunswick. I’ve heard that some new results are as good, or better than those announced last month, although quite a few assays are still forthcoming, given the usual seasonal delays. I suspect we’ll see that news somewhere in the next couple of weeks.
A teleconferencing date, and time have not as yet been established for the Teck/TPW drilling campaign. I do believe, however, that with Tahoe encroaching ever closer to the TPW from the west, that Teck will be inspired to accelerate their efforts on the property. More on that to come.
The geophysics report on the Company’s PG-101 property is being finalized as I write. The report indicating some interesting anomalies and targets, will be in Dupont’s hands shortly, and decisions can be made on possible drilling on the property in the New Year. Likewise, geophysics are ongoing on the Montrose property, 3,432Hectares west of Kirkland Lake, Ontario. This is a ‘new’ one to most of us, but info is fairly comprehensive in the Company’s website. Again, dependant on the geophysics, a drilling program may be undertaken in the New Year. Geophysics are also being performed on the East Bay properties near the Town of Duparquet in Quebec. Laying within the Porcupine Destor Fault zone, representing 2,632Hectares, I’m pretty sure drilling will be done during 2017, especially in view of Flow Through provisions on much of the Private Placements subscribed in November & December, 2016.
All in all, we have tremendous ongoing activity on a number of fronts. In spite of market conditions, or the Holiday season, CD continues to motor forward.
