Expectations

A drill campaign tends to intensify expectations. Share prices tend to rally higher, depending upon market conditions, during a drill campaign. The company hopes to drill about twelve holes, down between 500 and 800 feet, in the target area. The first hole may be encouraging, but the results from that hole function as an identifier for where to place the next drill hole. “The best target has never been touched,” said Burmeister, referring to the north side of the Dog Bone Ridge. As with many promising properties, they don’t always offer the easiest access. In this case, Burmeister’s expectant target on the north side of Dog Bone Ridge might only be accessed by helicopter, if that’s where he has to drill.

What happens if Burmeister is accurate in his assessment? If his favored Dog Bone Ridge target does represent the core of the hydrothermal system, then what will he have found? “As such, it represents an attractive high grade epithermal vein-type gold target,” Burmeister responded. “The successful interception of high grade gold during the 2004 program confirmed this interpretation.”

In 1980, Burmeister founded Bull Run Gold Mines, serving as Chief Executive and developing a successful Nevada gold mine. He arranged the IPO, which led to a NASDAQ National Market listing, and ran the company for eight years.

For thirteen years before that, he was the chief geologist for Silver Standard Resources. Burmeister discovered the Mill Creek orebody in Elko (Nevada), which moved that company forward. The property was subsequently sold to Freeport-McMoran. Burmeister also conceived for Silver Standard of a novel regional exploration program, covering 10,000 square miles in the Yukon over nearly unexplored territory. In a joint-venture with ASARCO, he helped discovery the Minto orebody in the Yukon. The copper-gold deposit is now going into production through Sherwood Copper.

After forty years in the mining industry, he hopes Dog Bone Ridge will add to his string of gold discoveries and corporate success stories.

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