Roxmark News: Sampling drilling continues to define their new gold discovery...
Good day all
Attending the Toronto show on Sunday, I naturally looked up both Roxmark and Premier.
At the Premier booth, Tim Twomey ( Exploration Manager for Premier Gold Mines) had a 2 meter section of core on his display table that contains 33 ounces per ton from their ...newly discovered zone... over at the Hardrock Project.
I teased Tim, that I needed to borrow his magnifying loop.. He asked me joking...if I was actually going blind..
Seriously folks, that core looked delicious.. with very very VISIBLE GOLD throughout its whole length.
NO..you didn't need glasses to see that Gold.. and here is a little something to add in your thoughts.... they are also waiting on lab results from 3 more drill holes"FROM THAT SAME "NEW" STRUCTURE.
Proceeding down to Roxmarks Booth, I then found Geologist ... Glenn Hart , on hand, along side of President Monir Younan. They corrected my thinking on the Hardrock Project..
Premier's 50,000 drilling program for this year is a thing of the past . Folks... it has now passed 70,000 meters and is not stopping until Christmas Holidays..
And by January ??? .... the Lab results from all this and the future drilling will have all been received back by Premier and be studied.. and then a 2010 drill program will begin to expand the resource... and the financing is already in place..
You should now begin to realize that this drilling is not stopping... only temporary,, and for some badly needed holidays.
Monir and Steven also explained then that Roxmark has cash in hand to continue their own exploration and drilling in their 100 percent owned Beardmore area , for not only this year.... but also into next year..
Roxmark's recently announced lab results and the channeling results are just the beginning for them . Further down, it is still open at depth, and looks very favorable..
Folks .. these old mines NEVER RAN OUT OF GOLD.. ... just economical gold at that time period and at poor gold prices..
Today..we know with certain, that is not the problem and Future Gold prices may make it shine even brighter.. IMHO
I came away with much more knowledge and now realize that shareholder Cunningham is a true investor, he knows the Project very well and has tons of faith in it .. He has also demonstrated his commitment very well with all his support... and I expect he will remain here....for a few years to come.... along with Monir and Stephen....
Monir's commitment and one... that I also now realize...is to find enough ore to start the mill not just for a few months. but for the years to come.. Short startups and then closing.. are just too costly.
Hint .. This mill is also easily expandable to increase daily tonnage..
Please note.... My shares are also NOT FOR SALE..
I think I will just hang around for another year and give these Roxmark People the time they need to Grow this Company..
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