Post by pasacancha on Oct 17, 2008 9:03:01 GMT -5
The company has built a large core shack (cost about $70k) to provide safe storage for potential buyers to review our cores. There is a good picture of this core shack and some great maps in the powerpoint presentation – hopefully the company can post this
Cary Potherin is full of knowledge and a great asset to Duran
B permit extension was filed which means no lapse in drilling (since this is an extension to an existing permit this is just a formal process and we don’t have to wait for it)
C permit should be back very soon – sort of sounded like we might not really need the B extension any more
Macmillan shareholders should expect their Duran shares this month
Macmillan Gold will cease trading soon (by latest next Friday Oct 24). This date will be announced within the next 3 days
Our results from Aguila are considered higher than average for this type of open pit deposit ;D
Duran is in direct communication with Penole who owns the claims 500m to the west of aguila
Penole is drilling as well on their side and it would be interesting to see what kind of results they have and whether or not our deposit would extend that far
Aguila hole 11 is in the lab. Aguila hole 12 is also finished
The Aguila main by itself is considered attractive to a buyer but it is in our best interest to explore all surrounding targets for the best buy out deal ;D
Santa Rosa is another target NW of Aguila. It sounded like this is a gold target ;D
Pasa hole 1 was in the lab a couple weeks ago. Nobody promised when we will see the results
Pasa 2 is at 125m
Pasa drilling is progressing well but very slow because the rock is difficult. They pour concrete down the hole and drill through it to prevent the lubrication from seeping into the cracked rock and overheating the bit
The local village is supportive of mining and Duran has set up a community relations group
Majistral has the most comparable property to Aguila and is 61km to the NW and they are currently going into production
Ongoing property acquisition and exploration of additional targets
The current exploration work accounts for only a small fraction of our property
There is potential for many more intrusive zones in the area
As soon as the merger is complete Duran will be applying for a listing on the Lima exchange
Duran has been approached and toured by other companies showing interest in our property
We weren’t given details but Cary mentioned that Duran had received some sort of bid from another company. There is a chance Duran may chose to news release the details within the next few weeks. I’m sure management will want to explore all of the targets as much as possible before considering an offer but this is very encouraging at this early stage! ;D
Cary Potherin is full of knowledge and a great asset to Duran
B permit extension was filed which means no lapse in drilling (since this is an extension to an existing permit this is just a formal process and we don’t have to wait for it)
C permit should be back very soon – sort of sounded like we might not really need the B extension any more
Macmillan shareholders should expect their Duran shares this month
Macmillan Gold will cease trading soon (by latest next Friday Oct 24). This date will be announced within the next 3 days
Our results from Aguila are considered higher than average for this type of open pit deposit ;D
Duran is in direct communication with Penole who owns the claims 500m to the west of aguila
Penole is drilling as well on their side and it would be interesting to see what kind of results they have and whether or not our deposit would extend that far
Aguila hole 11 is in the lab. Aguila hole 12 is also finished
The Aguila main by itself is considered attractive to a buyer but it is in our best interest to explore all surrounding targets for the best buy out deal ;D
Santa Rosa is another target NW of Aguila. It sounded like this is a gold target ;D
Pasa hole 1 was in the lab a couple weeks ago. Nobody promised when we will see the results
Pasa 2 is at 125m
Pasa drilling is progressing well but very slow because the rock is difficult. They pour concrete down the hole and drill through it to prevent the lubrication from seeping into the cracked rock and overheating the bit
The local village is supportive of mining and Duran has set up a community relations group
Majistral has the most comparable property to Aguila and is 61km to the NW and they are currently going into production
Ongoing property acquisition and exploration of additional targets
The current exploration work accounts for only a small fraction of our property
There is potential for many more intrusive zones in the area
As soon as the merger is complete Duran will be applying for a listing on the Lima exchange
Duran has been approached and toured by other companies showing interest in our property
We weren’t given details but Cary mentioned that Duran had received some sort of bid from another company. There is a chance Duran may chose to news release the details within the next few weeks. I’m sure management will want to explore all of the targets as much as possible before considering an offer but this is very encouraging at this early stage! ;D