To: Claude Cormier who wrote (13158 ) 5/29/2000 9:50:00 AM From: Quickdraw Read Replies (1) | Respond to
Refresh of where we are and an adjusted estimate of what will be happening over the next few months:Current status: Final difficult section of road is completed. Road construction of the final 5km (on the ridge) to the Luicho property is expected to take +- approximately 2 weeks to complete. Bulldozers are working 24 hours per day, 7 days a week. pacrim-mining.com May 31/June 1: PFG at NY conference. CMS to speak at 1:20pm on May 31, Barb Henderson and Tom Shrake also in attendance. All returning on Friday. PFG has a booth. iiconf.com Within the next two weeks: Geological map added to homepage.Around June 9: Road constuction to the Luicho property is completed. Construction of drill platforms and a road network to access the platforms begins. This was originally scheduled to take 4-6 weeks to complete although with two additional bulldozers (that makes three in total) working 24 hours a day this period of time will be shortened considerably. Samples for >run-of-mine testing may now be brought out by road.June 13: All paperwork, legal issues should be in place so PFG can receive the first 50% of the private placement.Mid-late June: A one week analyst tour of the Luicho property begins at the time or before drilling takes place.Week of June 19: News release regarding construction of drill platforms, road network to access the platforms pads, surface/cliff sampling and hand trenching results, column leach test results?, the arrival of the first of two drills (scheduled to arrive on June 21, 2000) and drilling start-up. A 20,000 meter reverse circulation drill contract has been signed with AK Drilling. Drilling is expected to begin at Luicho with two RC drills (70-80 300m holes). First results are expected approximately 3-4 weeks after drilling commences. Late July/early August: News release with first drill results. Diamond drill arrives to confirm RC hole assays? As part of the core drilling program, samples will be sent for metallurgical testing.Late August Run-of-mine metallurgical results are announced along with further drilling results. Metallurgical testing continues.
