September Mine Visit.
Phase 2 of Infill Drilling at Cononish is complete.
Drill Rig now scheduled to be moved for phase 3 on Thursday 20th .
AQ drilling being carried out to test for possible vein extensions where access with NQ drill rig is not possible .
Results awaited from phase 2 are almost complete.
Time schedules are on course to date.
All plant required is available within our operating time schedule.
Additional 1,100km2 of Licence area acquired , see page 3 of annual report.
RTZ ( Rio Tinto ) carried out a lot of work in Scotland . Rio Tinto have left a large archive of material at the BGS from their UK exploration activities. This was donated in 2004 to 2006 and is in various stages of being catalogued. Rio Tinto have found over 50 g/t Au and over 8% Copper in the 70's & 80's in Scotland ,Rio Tinto did not follow up due to low gold prices at the time.
What has been revealed from this information to make the company apply for more ground I wonder?
With Gold on the up and no sign of QE coming to an end soon the economics of the project are getting better by the day and the payback time of the loan shortens . This makes us more attractive to lend to and I would not be surprised to see some doors opening for us that where closed before .Time will tell !
Will send new photo's to those e-mails I have in the next few days .
Any one else can e-mail me at [email protected]
Next group Visit end of October
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