CGV 0.00% 2.7¢ clean global energy limited

why so long for drill results?, page-3

  1. 446 Posts.
    the drilling only started about 4 and a bit weeks ago then take out easter and a few other days they've probably only been drilling the best part of 20 - 22 drilling days.

    If you go back to the announcement when drilling commenced, if they drill 4,000meters over 14 holes, as suggested, that's an average of 285m per hole. At that depth it will take a drill rig between 2 to 3 days per hole then you need to allow 1 to 2 days (depending on distance) to pack up the drill rig, move it to the next hole, set up and start drilling on the next hole.

    Then the wire-loggers come in behind the drillers to log the hole. They often move between jobs and come sometimes be a few days behind the drillers.

    I'd think they would put out an interim report shortly but the completion of this drilling program is atleast 4 weeks off and then they'll have to wait for the report on the core samples before making a final JORC statement.

    Sit tight...I think it will be a good one!

 
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