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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: Eric Rojas who wrote (1398)3/12/1999 12:52:00 PM
From: BLZBub  Read Replies (1) of 5821
 
Eric,

I called NWI IR just now to confirm that what you heard was more or less correct:

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.

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).

Bill
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