Each one in plain English, with the numbers worked through for a shareholder.
7 Apr 2011drilling result● Neutral
The company says it has opened its own assay (ore testing) laboratory, to be run by a Senior Laboratory Technician starting April 11, 2011, so it gets results faster than from backlogged outside labs. It says it will still use outside labs to verify key results, and ties the lab to the Diamond Creek Mill and more frequent assay reports to shareholders. These are management's statements and expectations, not results.
The company reports it bought twenty acres in Owyhee County, Idaho for $250,000 ($25,000 paid at closing, $225,000 on a promissory note repayable without interest in ten annual $22,500 installments from January 1, 2010, secured by a deed of trust on the land). The land includes a fifty-foot access easement, and the company says it is building a mill there to process ore from its nearby mining properties. The filing's dates are inconsistent (the cover says December 3, 2010 and an exhibit lists the agreement as dated November 30, 2010, while the text says the purchase closed December 3, 2009), so the closing date is stated as 2009 in the body text.