re: Ann: Positive Drilling Results Continue C...
The last couple of paragraphs in todays release confirm the roadmap I outlined a couple of weeks ago so that is positive as they are moving as quickly as they can towards pulling gold out of the ground.
"On completion of this 40,000 metre drilling program the Company intends integrating these new data with the previous circa 85,000 metres of drilling data in order to recalculate the resource base for the Project.
The upgraded resource will be used to develop a detailed mine plan, process flow sheet and site layout in preparation for submittal of a mine permit application in the first half of 2012. The Company is simultaneously acquiring all environmental base line data required for the mine permitting process as quickly as possible, with this being the time-limiting component for the preparation of an application for a mine permit. "
CVY Price at posting:
20.0¢ Sentiment: LT Buy Disclosure: Held
