Ann: Sir Laurence Diamond Core Drilling Commences, page-25

Hi @GoldBug26I think we can expect an average of about 50m a shift, assume 2 shifts a day (day and night shift). It might be slightly less than that, but nice easy round figures. Each hole EOH circa 400m - 8 shifts a hole, call it ten to give them a little leeway / set up and pack down time. KWR should be able to punch out each DDH every 5 days, give it 2 - 4 weeks for assay results (I think KWR expects assay results within 2ish weeks, but I have seen significant delays elsewhere, such as NXM). So I am looking to see DDH1 assay to be returned somewhere around the end of this month or early next.

As each hole is drilled I think they will be sent for assays.

As such, I think that we can expect upcoming (continuous) newsflow for:

1. gold aircore assays;
2. nickle aircore assays; and
3. continuous gold DDHs.

Again, cavaeting the above time frame for:

1. the drilling might be a little slower to start with the new modified rig, but should then quickly pick up;
2. assays being returned on time from labs due to broad market delays; and
3. non-gold assays take a little longer (I am not across the time frame for this, but do not understand it to be drastic).

I am sure people will think of a credit raise. If Ed gets this half right (and I have complete faith in him) I expect a raise at a multiple of where we are now - some time this year, but that completely depends on the results and the timing of same.