Several years ago they did some drilling right on the boundary of SFR. SP was .15 and moved to .19 but came up zero except for some minor zinc grades and other minerals. This nocked the wind out of them and another drill hole had same result. hence their reluctance to proceed further.
As stated they have done very little since except for CR.
A deflated gold price along with other poor sentiment has seen the SP shrink . The JV is their only chance to survive and have chosen to accept some chance than none at all. I am happy with that decision. They have chosen the right company to do so . The area is very rugged and hostile . You really do have to be lucky to hit pay dirt but we are lucky that alot of research has been undertaken and old records of ALY will go a long way in where they drill. Some deep drilling I think is necessary if you go on SFR results.
Fingers crossed. We really do need a change of good fortune.
Several years ago they did some drilling right on the boundary...
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