PAN's North American roadshow presentation released on ASX today notes $1m budgeted for drilling of numerous VTEM targets on the Drake Scandinavian JV.
The accompanying December 2010 Quarterly Activities Report describes over 50 VTEM anomalies identified in the intensely mineralised Fennoscandian shield terrain of Finland, with the acquisition of 400 sq Km of licenses and plans to prioritise and drill these geophysical targets during the January-March 2011 quarter.
It also describes a number of other acquisitions that are currently being evaluated by the DRK/PAN Scandinavian joiint venture, which are expected to be finalised in the current quarter.
And just as at Falun, DRK are not spending a cent on any of this very promising generative work. It is all funded by PAN.
DRK Price at posting:
39.5¢ Sentiment: LT Buy Disclosure: Held
