"As of April 1, 2012, the Company has completed 31 holes at Radio Hill for a total of 7,828 meters since drilling commenced in the fall of 2011. The Company also assayed and reported on 3 holes drilled prior to the 2011 campaign that were never originally tested for iron (an additional 1,046m). "Drill samples have been submitted on a weekly basis beginning in the New Year such that a steady flow of results is expected into the spring."
They still have to drill 2172 METERS (10,000 minus 7828) before they can do a NI 43-101 resource base estimate. This should take them less than 2 MONTHS (~ 7 more drill holes).
Thereafter, the QP geologist must analyze and write the report up.
Guess: Sometime in the fall of 2012
New director buying:
| Apr 3/12 || Mar 29/12 || de Jong, John || Direct Ownership || Common Shares || 10 - Acquisition in the public market || 20,000 || |