The recent drilling program was completed to support a preliminary economic study of the high grade portions within the Friday deposit and is designed to extend the high grade mineralization found in drill holes detailed in previous press releases. The drilling will support a Preliminary Economic Assessment which will be completed by an outside third party consultant upon further funding. The PEA will focus on the feasibility of developing and mining the high grade underground gold resources which are present at the Friday deposit and direct-shipping the mineralization to a regional milling and processing facility.
This was from the last news. I hope that this stock will wake up. We only need preliminary economic study to finish this drill program and sell the company. Or maybe will be good to merge with MAX and finish with financial headache once for all. OSK could also finance PEM with some kind of normal pp at let say 15 Cents, then exercise warrants then sp explode, then sell the company, it is very simple and the only solution, Gold sector will be very hot this year so let's hope to finally come out of this miserable situation.
GLTA
