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Gold/Mining/Energy : Nuinsco Resources (NWI)

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To: BLZBub who wrote (1475)	3/13/1999 12:37:00 PM
From: Midas	Read Replies (3) of 5821

BLZBub: >1. There are 2 drills, which will be used in a "leap frog" >scenario. That is, one will be drilling while the other is >on stand-by. The info obtained from the first hole >(i.e. visual and downhole probing) will determine where >the 2nd drill gets set up. While the 2nd drill gets going, >the first drill goes on stand-by (I have no idea what is >involved to prepare a drill for a move). This system is more >efficient and offers a contingency in case a drill breaks down. I find the use of 2 drills and only one drilling crew a very interesting strategy because it minimizes the amount of time it takes to intersect the mineralized zone! The scenario that the company appears to be using is as follows: 1) The #1 drill rig is setup on its target and proceeds to drill through the mineralized zone; 2) When the hole is deep enough for a geophysical survey, the drill crew pulls the drill rods so that the geophysical crew can do the downhole survey; 3) Once the geophysics crew has completed it surveys and identified the optimal location for the next drill hole, the cross-shift for the drill rig mobilizes the #2 drill rig to the next hole and begins to setup and put down casing so that they can begin drilling the hole; (4) The crew that was on standby on the #1 drill while the geophysical crew did their survey then finishes pulling the casing for the hole and tearing down the #1 drill rig (a process that can take 4 to 8 hours). This strategy would ensure that each drill hole is directed at the best target that can be seen from the most recent hole and that the time to reached each minealized intercept is minimize as much as possible. >2. The first results will be batched and are EXPECTED to >be released the week of March 22. The co. does not want >to report on visuals because it is an unnecessary risk >to their reputation (i.e. what if they are wrong). When you combine the word "EXPECTED" above with the strategy at the drill site, a press release during the PDAC is not unexpected should they encounter news worthy results. Midas

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