second hole to be completed by weeks end

Got this feedback from another source who spoke to the Company:

Hole two is nearing completion and is likely to reach maximum depth within the next few days. They are still drilling through the “target zone”.

The rig is only operating on a single shift per day basis for hole two, whereas the first hole was double shifting for the entire hole. As such, they are currently only drilling around 25m per day for hole two given the depth, compared to 80m per day for hole one. There have also been several rig breakdowns in hole two, which have cost a number of days a number of times. Hole one was all smooth sailing, with no breakdowns and good drilling conditions.

As predicted by many here on HC, the delays have been caused by rig problems, single shifting and apparently harder rock to drill through. We should see some news by the end of the week subject to no further rig problems. No indication given on what hole two has encountered at this stage (of course).

Should provide a bit of comfort for nervous/impatient investors out there.