“The assays in the recent news are exceptional in that they’re consistent with similar results that we’ve issued in the last several months. The results are not isolated. So we’re left with a deposit that has all of the excellent attributes of what you’re looking for in a potential mine: high grade mineralization, near surface, and it’s oxide with excellent recoveries.
“We are advancing this project towards production. As per the press release, we are seeking to initiate permitting and feasability in 2011. In the near term, we are going to issue both an updated resource estimate—that’s going to probably capture about 70,000 metres of drilling, which includes the results today—and we’re also going to wrap new economics around the project, with an updated PEA.”
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