The new Hagby drill was damaged in shipment couple months ago, has been sent back, repaired, back in Mex and will finally be in operation, as MMG has their own trained people to run it and the new Termite drill.
And the geotechnical drilling to determine rock stability for the
size of each mined segment is not drilling that is reported.
That goes into the mine plan Gemcon software programs to help determine
the best way to mine the deposit.
This is an advanced stage deposit, you do not get drill news on
the main deposits, that is done except for any spots that need
closer definition.
There is usually a long period during fease where the independent
contractors work on the data, fill in the blanks, grind out all
the details of the best way to mine out the blocks, and in what order, etc, the most efficient and overall cost effective mine rate, etc.
That usually finds the stock price falling with impatience, and
especially now with the crush on independent firms dragging out
the process. It is often the best time to build a position.
But lately the marginal deposits have been killed with cost overruns.
I am expecting that MMG will be the exception to that
with its high grade and huge existing infrastructure and work force availability.
But the silver deposits are still being drilled, and the very large existing data being correlated to give an idea of the
tonnage and grade. This data is much larger than any additional
drilling could provide. They have made the fease #1 priority
as it should be, but we should get a better idea of the silver resource as soon as that data can be compiled. |
