Explor to Begin 10,000 Meter Diamond Drill Program on Timmins Porcupine West Property
Frankly speaking, I'm a little bit surprised that we didn't receive the resource update at first!
After it was postponed from end of December to January, I expected it to be on track now.
But the only statement regarding the update ist:
Explor is focused on developing a mineable resource based on the drill results that have been obtained to date. An updated NI 43-101 technical report will be completed by MRB Associates of Val-d''Or, Quebec and P & E Mining Consultants of Brampton, Ontario in the coming weeks.
What is "in the coming weeks"?
Don't get me wrong, but could it be possible that the existing drill data was not enough to extend the resource to 1.5MOz as expected? So they did a PP to pick uo some money and now they finance this new drill programm which is initiated to deliver the additional Oz which are needed to achieve the goal of 1.5MOz?
Hopefully not as this would mean that we would have to wait for the update until the drill programm is completed.
And afterwards I wonder how they will succeed to extend the resource to 3MOz by end of 2013....