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Gold/Mining/Energy : Redhawk - RDK.V -- Ignore unavailable to you. Want to Upgrade?


To: igor who wrote (36)7/15/1998 12:03:00 PM
From: keith schaefer  Respond to of 44
 
The company had some initial success trying to re-enter the old drill hole, 87-1, but problems downhole stopped us. So the drillers have begun drilling a new hole. Kristian says he'll release data for every two intersections. I honestly can't say when that will be - I hope within 6 wks.



To: igor who wrote (36)8/6/1998 9:06:00 PM
From: CLK  Read Replies (1) | Respond to of 44
 
The drilling is now complete and results are expected in a couple of weeks. Apparently these deposits are lens like and if they are tilted up on end. They are sedex type and came up on the floor of an ancient ocean and spread out and then were turned up on their sides thus giving these lens. If they have aimed correctly they are likely to get some very impressive results. The stock is very thin in here but mostly trading around .70 My feeling is that the odds of success are quite high. Although the first drill had some technical problems the subsequent ones from what I understand when just fine and there were no problems encountered.