MercoPress. South Atlantic News Agency
Gold and minerals exploration starts end of the month
FALKLAND Gold and Minerals Ltd (FGML) is preparing to begin onshore drilling sometime at the end of February.
In an operational update, the company which holds exclusive rights to explore for gold and minerals in the Falklands announced this week that its on-site Project Manager has now successfully established, "...the operational and administrative infrastructure necessary to support the Company's exploration activities."
This has included the formation of a Support Drill Team in preparation for the commencement of the exploration activities.
The first LF70 surface drill has now arrived in the Falklands Islands and is being prepared by the Senior Driller for commissioning and commencement of drilling operations. The Company is on schedule to start drilling the first hole on or around February 25.
The Sample Preparation Laboratory has also arrived and commissioning of the laboratory at the Company's Goose Green Facility is on track for early March, expected to coincide with the first deliveries of core sample from the site.
In related news the Falklands were represented at the North American Prospect Exchange held in Houston, Texas last month and Dr Phil Richards of the British Geological Survey says interest in the Islands minerals prospects was encouraging.
Reporting to a meeting of the Mineral Resources Committee last week, Dr. Richards said the event is the biggest of its kind with 14,000 delegates in attendance.
He said that follow up contacts had been made with a number of companies BGS spoke with at the event, however it is too early to know, "...whether anything solid will come of it."
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