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Message: Would new drilling at Clan Lake be a good idea now?

Exploits21;

I don't know if I agree, but I think your idea of additional drilling is worth considering. Yes, while the share price is depressed any financing for additional drilling would be dillutive, but not nearly as dillutive as financing a $250MM mine. However, for the additional drilling strategy to work, we need to find mineable rock. ...the big unknown. Unfortunately, despite considerable drilling, mineable rock has not been discovered at Clan outside a small core zone ...however, low grade has been showing-up over a wide area, which is intriguing. In summary, I don't have a strong opinion here; but if we knew there was more mineable rock at Clan, it would be better to drill that rock now, generate market interest, and finance the mine in the future when gold and share prices are higher.

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