CEO Blog - Jan 9, 2011
Monday, January 10 2011 01:44
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Question: Will drill results be released as they are received or will they be withheld until a model has been established? Please provide a time frame if results will be released as received.  When can we expect the first assays from the recent drill program to be made public?


Answer: Our approach and intention is to release drill results timely, when they are meaningful against the objectives that we have established and communicated. It is also our preference to release drill hole information in the context of our geological model, rather than just as raw numbers. We will have an update on our drill program within the next week.

On November 8, we announced the exciting launch of the most robust drill program in our company’s history. The program includes over 100,000 feet of reverse circulation (RC) drilling, and has a planned duration of about seven months.  It includes a significant amount of development drilling in the Lucerne and Dayton Resource Areas. Development drilling is designed to provide information for a detailed mine plan, an important prerequisite for the Company's planned feasibility study and production.  Development drilling in the Lucerne Resource Area is focused on Hartford Hill, the currently planned location for a Lucerne starter pit.

It also includes exploration drilling on certain high priority targets within the Company's extensive Comstock district land holdings and condemnation drilling in the areas designated for possible heap leach pad expansion.

I would anticipate 3-4 updates between February and June, the planned length of this program.

We are nearly complete on the development drilling in the Lucerne Resource Area and we have begun development and exploration drilling in the Dayton Resource Area. Our update will share relevant results and insights of our progress so far and will also include assay results.

Kindest regards,

Corrado De Gasperis
President and CEO