Ann: Holdgate-1 Drill Update 18 June 2012 , page-10

Yep, not a huge distance drilled the previous 24 hours before that either. I'd be interested in thoughts from any geos out there as to what this might indicate with regards to the geology down the hole. (Could it be a positive sign, a negative sign or mean absolutely nothing?) Of course, the slower progress could be due to any number of external factors too, not just the geology...ie. drill bits etc. Would be nice to have just a tiny bit more detail in the daily updates, please management!