Gold Summit Corporation (TSX VENTURE:GSM) announced that, further to its news release of December 14, 2009, the company has now filed the new NI 43-101 compliant resource report on its flagship Monte Cristo property.
The press release is quoted as saying:
The report recommends a $3 million Phase One budget for infill and step out drilling to enlarge and upgrade the resource from “inferred” status to “measured” or “indicated” and to complete a scoping study. The recommended program includes 10,000 meters of core drilling that will provide more accurate width and grade estimates of both gold and silver and material for metallurgical test work.
