“We are halfway through the 18 to 24-month plan that we outlined when we completed the restructuring of the Company in December 2016, and we are encouraged by our progress to-date. We successfully completed our 2017 Exploration Program under budget and have collected important observations and data, including more substantial information on the structural geology. This has helped advance our understanding of the F2 Gold Deposit at the Phoenix Gold Project. We will continue to gather important observations and data from test mining and drilling activities this year. More importantly, we will be providing a new preliminary structural interpretation and geological model for the F2 Gold Deposit, and deliver an updated Mineral Resource Estimate, which remains on schedule for the second half of 2018.”
George Ogilvie, P.Eng.
President, Chief Executive Officer, and Director