Did some digging yesterday and last evening on a couple of the other area players.
Mustang Minerals has completed an IP survey in their South property of River Valley. Quantec conducted the survey. This was a diapole to diapole survey. Also that they have taken grab samples from the area which led to the geophysical survey. To date, 25 holes have been drilled in East Bull Lake and now drilling has halted. Management has hired four students for the summer, and it is my understanding to do geological mapping of both areas. Mustang Minerals will officially move out of Timmins in or around June and move all operations from Timmins to Sudbury.
Aqualilne Resouces, has conducted an IP survey of their property to the west that is tied Pfn in River Valley. Aqi needs to raise more money if they want to drill it. Also there was talk to the Mmin and Aqi going jv on some drilling in East Bull Lake, but again, nothing has moved forward in that discussion.
My biggest question still remains, where is Impala, Mmin's Jv partner. I am told no news out of that camp for quite sometime to come, unless their placing on the Cdnx comes sooner.
Flag had an encouraging release yesterday. Hopefully he will take Mr. Brown's advice, that he gave him on this project, way back prior to the PDAC, and conduct an IP survey and do the deep drilling that is recommended. The time frame for all to occur as it is deep drilling would be approx. 3 months. Congrats to the Flagsters.
Pfn has made clear that the remaining holes on their first phase of drilling will be released next week, I believe, Wednesday after close.
All in the industry are waiting for these ones, and anticipate good numbers, and I do the same, keeping in mind we will have numbers from Dana South. Again, this comes from the geology.
Regards
G |
