Phase 1 of the drilling program was designed to establish an initial area for mining, satisfy criteria for the submission of
a mining lease application and produce an initial JORC Mineral Resource. Drilling activities will now pause while
waiting the grant of a mining license at San Jorge although some other exploration and development activities will
continue during March. Phase 2 of the Resource and exploration drilling program is planned to commence in tandem
with start-up mining activities upon grant of the mining lease.
Why no JORC? Funny that. No JORC, NO PFS. No mining blah blah blah. According to the time line mining should be well under way. Haven't even got the basics. Cash flow positive by this Thurs. apparently?
Just a reality update for new investors, guys pumping this know full well.
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