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0.6¢ castillo copper limited

Ann: Mineralisation intercepted, up to 17.5m thick, at Big One, page-47

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sircorp

13,234 Posts.

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23/07/21

22:54

Post #: 54735617
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Originally posted by sharman: ↑

Hello Sircorp I can attempt to answer your question. Where Coda are drilling in outback South Australia it is a desert that receives very little rainfall.

In North Eastern Queensland it isn't that wet but there are risks of serious flooding and cyclones in the wet season. Drilling rigs are very heavy and easily become bogged. So I imagine Drilling companies would be reluctant to send a drilling crew up into North Eastern Queensland in the wet season just in case they are unlucky enough to be bogged in the middle of nowhere or cut of by a creek or flooded road. They could be stuck for an extended period of time if they were unlucky enough to be struck by a cyclone.

Where Coda are drilling in the desert you would be willing to send a drill rig there at any time of year as the risk of being bogged or cut off are much lower. I note there has been a bit of rain around that area over the last few days. If it has been wet enough you may not be able to move the drill rigs at the moment. But generally as there is very little rainfall in this area the ground will dry out pretty quickly and you should be able to move your rigs within days or a couple of weeks at a stretch if they have had a heavy rainfall event.

With Coda they are diamond drilling very deep holes and the drill rigs will be in the one spot for I imagine atleast a week or two to complete one hole. So even if it pissed down heavy rain you can keep drilling as there is no need to move the rig. Where as if you are RC drilling like CCZ you have to move the drill rig every day or second day to start a new hole. And that isn't possible if your rig is going to get bogged. Meanwhile Coda can keep drilling there one hole even if it's pissing down as there is no need to move the drill rig. And where Coda are drilling by the time they have completed a very deep hole the ground should be dry enough to move onto the next hole.

I hope this helps Sircorp.

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Thanks sharman
..
The annual rainfall of Emmie Bluff (Coda Minerals site ) is about 188 mm. Yes it is rocky area and water does not create mud and soggy soil as can happen in QLD. Yes Core Drilling Rigs often get grouted to a solid foundation and drill from same point for several holes(different dip and azimuth).
..
I have been holding CCZ for some time. Got sucked in last pump and dump only to realise soon, sellers are selling non-stop.
..
From CCZ management, I don't see strong focus of any single project to bring it alive and possible to mine it. Drill here, survey there, few assay and story get repeated each year.

CCZ Price at posting: 3.9¢ Sentiment: Sell Disclosure: Held
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Ann: Mineralisation intercepted, up to 17.5m thick, at Big One, page-47

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Ann: Mineralisation intercepted, up to 17.5m thick, at Big One, page-47

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