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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: Tom Cat who wrote (1929)3/19/1999 1:53:00 AM
From: Brumell  Read Replies (2) of 5821
 
Hole 99-03 was reported, Tom Cat.

After 99-01 and 99-02 were completed from the same setup but in opposite directions, the drill was moved to the northwest to test another zone identified by geophysics. The results were zip. Check back and you'll see reference to this hole.

This is the only part of the NWI story I've found odd. They drilled 99-01, obviously a very rich hole but said nothing, and were able to keep it secret. Then they drilled 99-02, and moved the drill for 99-03 before stopping. When results were first issued, they sounded surprised and yet they must have known they were on to something for at least 3 weeks before it was announced. I understand it was the driller who first leaked which forced NWI to come out with the NR about visuals followed by assays the next day.

There's no doubt NWI can keep a secret. I'm just hoping they find something worth keeping secret.

Regards,

Bob
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