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Message: ? ESPIRITU JV Results

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Re: ? ESPIRITU JV Results

in response to Re: ? ESPIRITU JV Results by ron4n

posted on Mar 10, 10 12:28PM

Hello, I just joined this discussion forum today. I am a shareholder in Klondike and have been active on the Investor Hub Klondike forum. I saw this post and thought I would provide you with an update that I received from Kevin Hull about two weeks ago. Obviously the results from Espiritu have not come in by March 7. Hope this helps! Bill

Update from Kevin Hull on Klondike:

Bill thanks for taking the time to write, it is always good to ask rather than speculate.

I find generally that one of the hardest aspects for the average investor to understand regarding the exploration industry is the time it takes for things to happen. The industry is a combination of very exacting science and very variable human and weather factors.

The Slocan drilling on the Silvana extension into the Lode Structure is proceeding well but the whole project ran into mechanical and logistical snags right off the bat and so the drilling was delayed for a few weeks.

With that in consideration the program is not due to finish up until mid March at the earliest. That would push assay results off to April at the earliest.

Regarding Espiritu we have not received anything from our active partner,Kootenay Gold, on the drill program. I do know that the company is adamant on how they handle news releases on their projects. They finish all the holes, then examine the core and take samples for assay, then compile the results as they are received from the lab, and finally analyze the results and write the news release. All of these steps take time and the best we can do is give our best guess at how long it might take and simply be patient while the work is done.

We may yet have news out on the Espiritu in time for the PDAC beginning on March 7th, but all we can do is wait while the guys are doing their jobs.

Thanks for the work you do on the discussion board! Hang in there.

Best regards,

Kevin Hull
Investor Relations
Hughes Exploration Group
#711 - 675 West Hastings Street
Vancouver, B.C. V6B 1N2
Telephone: 604-685-2222
Facsimile: 604-685-3764
<e-mail: %20kate.weale@hughes-exploration.com> E-mail:
info@klondikegoldcorp.com