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Gold/Mining/Energy : Canadian Rocket Red's Picks -- Ignore unavailable to you. Want to Upgrade?


To: Rocket Red who wrote (9515)10/10/2006 5:21:01 PM
From: TheSlowLane  Read Replies (1) | Respond to of 19697
 
Here's what I just heard on ARU...

- The boat carrying the two rigs from Major Drilling sailed from Montreal today. Takes about two weeks to get to port in Ecuador, then 3-4 days to transport to site after clearing customs.

- Three rigs are on contract from Peru. The first one is clearing customs now and should be onsite by early next week. The two others will follow. These rigs are capable of drilling 900-1000M deep.

- By mid-November, there should be five, count 'em, five rigs drilling FDN. The two lighter rigs that are drilling FDN now will likely be moved to El Tigre.

Drilling plans are dynamic, so priorities could change, based on what they see at Las Arenas. Property map should be updated to show Las Arenas shortly, it is south of FDN and east of Aguas Mesas.

They are seeing 50-60 day turnaround from assay labs, so it will be a while before we see what's at Las Arenas, but a big fat present under the tree for Christmas isn't out of the question. Hopefully it will be way too big to fit into a stocking.