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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (63129)	1/27/2009 11:56:53 PM
From: jackjc	Read Replies (1) \| Respond to of 78416

I talked to the CEO and learned that the 90km of the road into Trek (to the tunnel entrance) will be completed this yr. Reason is that the cost of air lifting the heavy equip (under lease, has to be returned) is greater than completing that portion and driving out. So this gives great access to Trek and as you know that is a new discovery with excellent initial holes. The Galore proj access & processing are not firmed up, and obviously no cash from Teck for that at present. But initial plans include possibility of placing the mill right next to Trek and driving the tunnel right below Trek. If that plays out it would increase the already strategic value of RG props all around NG prop. RG has approx 2M cash, plans 1.5M drill followup on Trek this summer. Also confirmed this by discussion with Roulston and another CEO with nearby Schaft Creek proj CUU. (By the way heard 11 m of snow this season at Schaft vs 6 m avg. The snowfall at Galore is far far greater being on the other side of the mountain, a serious disadvantage.) Disclosure: Holding RG.