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mumbwa drilling, page-2

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    Couple of things of interest imho.

    * Its a FAIRLY DETAILED annmnt on just how they will now proceed with the drill program and the processing/release of the results.

    Detailed even to the extent of mentioning the change from 9,100M to 10,500M.This was probably done to comply with the JV conditions which required over 10,000M to be drilled on any potential IOCG target by BHPb in the 3rd JV clause.

    Also more detail on why they only have 2 rigs to date.Bore problems apparently,so they cant get enough water to run 3 rigs atm.Nice explanation anyway;-)

    * I like the fact that BC is at least thinking about how to push things along re the Kitwe sample preparation then get them straight to a lab that has the excess capacity in Alaska.Lets hope the plane doesnt go down!

    * Interesting change of tactic in how they will present the results.They will now release them AS THEY COME TO HAND.So we can throw all my conspiracy theories out the window re BHPb being a bit sensitive to a gradual release of results.

    *They effectively have another 5-6 months to complete this program as the JV was to last 4 years from the AVAILABILITY of the Falcon System which was initiated in Oct/Nov 04.

    Perhaps something that might come in handy,if anyone is talking to the company,is a map with the locations of the drill holes.The problem being,I have gone over all the annmnts and cannot find anything that shows the exact position of the S36-001 hole relative to the 2.4Km X 800M anomaly that they are targeting.Did they put it near the initial KD3 hole which located this mineralisation or was it targeted towards the centre of the anomaly?One would assume it was towards the centre.

    d.

 
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