Ann: Quarterly Activities Report, page-13

Oh and while I am at it I might as well comment on another gem or two.
First there is no apology offered for their less than candid announcement in early December that they would be starting the drilling campaign prior to the festive season. Least said about that promise the better seems to be the approach being taken.
Secondly there is no mention of any visit to the selected Husky site or to liaise with the relevant property owner for Husky in this latest announcement. Obviously that is just off the radar at the moment at least.
Thirdly there is this pie in the sky comment about "a staged progression to allow for expansion of the potential deposit and an end goal of reporting a JORC (2012) compliant resource." WOW that sounds good. Just what shareholders want to hear. Yea ! Okay but even if that was likely how long is that going to take ..... or more importantly how many millions of dollars are involved in a drilling campaign to prove a suitable resource to that level.
Again IMHO, it sounds nice but the reality is the kicker here. Sounds appealing to ordinary shareholders but where is the money coming from to achieve that even if Malamute or Husky or both have the goods.
What is the present drilling campaign ? 3 holes in Malamute and maybe 1 hole in Husky. The hurdles to getting anywhere with that is (a.) lack of funds....which impacts on  (b.) signing agreements with landholders .........  which also limits getting (c.) signed up contracts with drilling contractor, preferential ones or not.
Fortunately no wool anywhere near my eyes