NAE 0.00% 0.3¢ new age exploration limited

Ann: Pilbara Projects Drilling Confirms Gold & Lithium Potential, page-78

  1. 372 Posts.
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    I have not seen any comment about our neighbour's (GSM) anouncement today regarding their problems in starting to drill their target 2 in the Yule South (joining the East of Brahman)

    Target 2 Li-Au RC drilling program
    GSM is continuing its pursuit of a drill contractor for a focussed lithium and gold reverse circulation
    (“RC”) program at Target 2 on its Yule South project (refer to ASX announcement dated 15 March
    2022). All statutory approvals are in place which will ensure a rapid deployment when a suitable rig
    becomes available. Recent unseasonal rains have delayed regional programs in the area, thus
    limiting the availability of drill contractors working locally in an already competitive market.
    2022 Air-core program
    A program of work application (“PoW-E”) for the next phase of AC drilling (refer to ASX
    announcement dated 15 March 2022) has been submitted to the WA Department of Mines, Industry
    Regulation and Safety and is currently being processed. Due to an unprecedented number of
    submitted PoW-E applications, a significant delay may occur in the assessment process. An
    associated heritage survey is scheduled to commence in July pending participant availability

    May be management should grab the drillers while they are in the locality!


 
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