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Gold/Mining/Energy : Wolverine Exploration
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To: Snafu_Sadie who wrote (96)1/20/2012 10:49:57 AM
From: doubloon   of 173
 
You are entitled to your opinion, however it is not nearly as bad as you are making it out to be.

The budget has been set for next season, the main drill target is 45 city blocks square (approx). and that is what they are going after. Yes we got stiffed by a financier this year and we got in there late, obviously too late. The multiple drill targets were a cluster that was 20 km from the main showing of green malachite, it needed to be checked out to see what was popping up on the radar, The thinking at the time was- do these farthest from the road then break camp and move 20 km down the road- well it was not worth further exploration and the winter set in before camp could be moved to the main location.

Will they raise the drill money for next year? obviously they have to

Will they concentrate on the 350 m x 450 m area that is showing the malachite? yes

The drilling this year was enough to satisfy the Dept of Mines to accept this exploration and drilling so that the assessment has been paid for another year, this is a massive property and claims assessments are expensive

This company will test this main malachite showing area and it will test the Uranium trend (now that the moratorium is lifted), if both of those fail then it's move on time. Until then plans are being formulated, lets see if they come to fruition.
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