Ann: Exploration Update Juma East, page-32

Estimated time line for drill holes and assays is

JED001
Drilled, Visible gold, 55 meters of mineralisation
Assay results should be back before the 16/17th November.


JED002
Drilled, Similar geological sequence to where gold was visible in JED001
Core cutting and and logging probably completed Friday
Shipped to laboratory, approx 10 days so received Monday 9th November
Results back within 30 days, before December 8th. Will get a better indication of assay times once the first results are announced, then we can anticipate what date the results for JED002 might be back with more surety.

JED003
Probably collaring the hole and may have started drilling, more likely to start drilling today (Brazil time). To be safe lets say they start drilling on the 29th. Approximate time to drill hole 10-14 days.
First visual results back as early as Friday 6th November till Thursday 12th November.

JED004-006
Follow the same timelines as above, may be a little quicker due to hole depths decreasing, at least this is the case with 005/006 of memory?

Expect a run leading up to visuals of JED003, if this is the case the company may choose to go into a trading halt again if the rises get ridiculous.
If we don't get visible gold in JED003 the price may not drop too much as assay results from JED001, which looked extremely encouraging could come at any time around then.

Im going to continue to buy at these levels, as personally, I cant see JED001 assays being bad.
And the pipeline of announcements due almost every week for the next couple of months should keep the interest in this stock up.

For me the location, geology and visual results to date make it worth a punt.

glta