A body really has to wonder what Mr. Callahan continues to see in the rock dog responsible for this complete and total national disgrace. By any possible measure Mr. George is no longer needed anywhere near this project. (Or, given that ridiculous track record, anywhere near securities either.)
Further to the news release of June 6, 2012, the company confirms that it has recently engaged Snowden Mining Industry Consultants Pty. to assist the company in satisfying the conditions of the CTO and continues to have a dialogue with the BCSC in an effort to satisfy its concerns.
As part of the technical review requested by Snowden, the company advises that it has completed 14 surface diamond drill holes, of which nine were completed as twin holes, totalling 2,759.4 metres (9,053.1 feet) on Cow Mountain at the Cariboo gold project near Wells, central B.C., between Sept. 22 and Oct. 14, 2012. The total footage includes five drill holes abandoned due to hitting shafts and/or underground workings before target. The drilling was done respectively by four drill rigs of three drill contractors, namely Standard Drilling & Engineering Ltd. of Vancouver, B.C. (two drill rigs); Armstrong Drilling Ltd. of Armstrong, B.C. (one drill rig); and Lone Peak Drilling of Kimberley, B.C. (one drill rig). All the drill holes are being logged and sampled, including measuring bulk density of the drill core. Assay results of these drill holes will be released when available.
|Well the BCSC was sleeping as usual for the initial release of Barkerville news and were only awakened from that permanent snooze with the howls of millions as the story went National. The Financial Post, Northern Miner, and other influencial writers went to work while the local Vancouver press were silent.|
The highly respected Mr. Brent Cook put it well and mildly ...
"Let’s get this out of the way at the start: The technical report is deficient with regards to the inclusion of details of the project database and many aspects of the resource modeling procedures; so much so that a complete understanding of the process and conclusions could not be arrived at."
The Northern Miner had this to say
For Kirkham though, the biggest source of concern is the sample data on which the resource was based. He sifted through the lengthy sample database in the report that apparently backed up the resource, and found that while the database shows roughly 125,000 foot-long samples, only 22,355 samples were plugged into the Amine software George used to calculate the resource."