ann: first drill program to test for silver mi, page-20

Well, finally an explanation of the reality, which conforms to the premise that Onceover explained yesterday. Previous reporting has been confusing and very misleading. For the sake of integrity, the market would be better off if operators like OGX and their ilk were run out of town.

I don't think that Orinoco any longer "believes" that the remaining 8 holes will be high grade. Have suspected as such all along. But the silver has a chance to be more pervasive than the gold with the carbonate host potentially making for a better opportunity for deposition than the fault intersects that host the gold.

So depending on your strategy it might be wait to see if they get a run out of the current drilling and expect nothing in the interim. But who knows how low price might go during that period.


P.S. They announced in the presentation that the remaining holes would be sent for silver fire assay. Now it looks like they've decided that is no good.... I note that the drill plan has 6 holes highlighted as intersecting the mineralised corridors, or as they now say, "the margins" of them. Along with the XRF commentary that doesn't bode well for current holes.