Nice activity for a company starting a maiden drill campaign. Drilling results should start flowing regularly in a couple of weeks.
Great cash position with $3million still in the kitty and low cash burn rate, only $500k burn rate estimated for the next quarter what is great considering we are drilling. Market cap in the low $2 millions sets up for massive upside on any good news.
With the positive rock chip samples id expect us to hit some type of mineralisation. Each drill resuly will bring more and more interest especially if this first one has encountered the vein at depth.
GLTA IMO
Ann: Quarterly Activities Report, page-2
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