Trying the copy and paste reportNTERVIEW WITH PRIOR RESOURCES' GEOLOGIST....
I spoke by telephone with Ron Tammekand, geologist for Prior Resources
(Alberta:PQL). The first words out of his mouth were, "We got some good results."
Followed by, "Better structure near the surface" and "Have to do infill drilling."
Keep in mind that Tammekand was handed the task of drilling 18 itsy-bitsy teeny
shallow holes into fairly mysterious Mexican terrain about the size of 20 football
fields......yet he did come up with a five foot section in Hole #7, which turned up
better than 1/2 ounce of gold/ton and 1 ounce of silver/ton. The rest was ahhh, a
start, if one looks at these things with any ray of hope. Yes, the Internet rumors on
Silicon Investor are true, but this time, the shoe is on the other foot, it is PQL that
does NOT want to talk to the majors right now.......... (that would just delay any
imminent infill drilling!)
What Tammekand now needs to do is convince his bosses that they should raise
another few bucks to put some more money into the ground; C$500,000 is the
figure he tossed out. PQL has around C$300,000 in the till (as I have been led to
believe), so they may soon commit to 10,000 feet of Reverse Circulation (R/C)
drilling. In other words, Tammekand would like to poke about 100 holes in this
property so he can properly size it up. He even wants to re-drill all of the previously
drilled holes with R/C drilling.... more trenching, more mapping, etc. He stressed
to me, "It's not a sure thing, there is still a lot of risk to it." Interesting.....most
PQL-watchers would tend to believe that PQL was more of a "sure risk" than a
"sure thing." Yet now, PQL's geologist is, in his own way, more optimistic than
before.
Which, I guess, is why is he designing a drilling program to "prove up" roughly
200,000 ounces of gold (his words, not mine). PQL still has another 8 holes to
release, yet now even Tammekand is talking about infill drilling.... sooner rather
than later. I now understand why Dalton DuPasquier got excited a few weeks ago
and publicly started discussing an infill drilling program. Perhaps, I was right, in
some earlier remarks, that perhaps this time PQL may come up with the goods.
Stranger things have happened. Suggestion: Badger their IR people at
800-972-6564 and find out when infill drilling is to start.... ///// The best an amateur can do.. Bob//// |
