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Gold/Mining/Energy : Montello Resources -- Ignore unavailable to you. Want to Upgrade?


To: Alfonso Agostino who wrote (2829)11/12/1998 2:49:00 PM
From: Famularo  Read Replies (1) | Respond to of 4256
 
>>>Is that it for 98? Do we have to wait now for 99?<<<
For drilling, YES.
>>>Any more sampling gonna happen?<<<
Yes, more samples will be tested at the Kenecott Lav in Thunder bay.
>>>If that is the case then i guess all eyes will be on Ashton in the next couple of weeks?<<

Ashton is the leader of this play, if Ashton moves up with good news, juniors will move up with it.

regards
Fast Frank



To: Alfonso Agostino who wrote (2829)11/12/1998 3:00:00 PM
From: JP  Respond to of 4256
 
The problem with reading the news on SI forums is that it never fully seems to get posted. This is the last paragragh from the release.Note the first line. JP

Table 1 also shows the remaining targets to be drilled in 1998 (Legend and Xena). The onset of winter conditions, and the reduced daylight hours have added up to a decision to drill fewer targets in 1998. Drilling will recommence in early 1999 with ground support instead of helicopter support. This will be less expensive and safer. The Wyvern target was the only miss so far in the current drilling program. This anomaly is probably explained by magnetite in the overburden.
Other exploration activities have been ongoing. Highsense was contracted to complete 745 line km of airborne magnetics over 14 anomalies. In total 63.9 line km of ground magnetics were completed.”