GBZ 12.5% 0.9¢ gbm resources limited

what does it all mean?, page-31

  1. 1,340 Posts.
    Ok john435, I looked at last years announcements and could only find .... "The RC rig is currently at the Tiger prospect however difficult ground conditions have resulted in very slow progress and the holes have encountered excessive water flows that are associated with highly fractured zones, often containing large cavities. Additional air capacity has been brought in but has not helped to improve the drilling progress."

    Firstly, we don't know that this is happening. It is only conjecture. Secondly, weren't they going down an existing RC hole to use as a pre-collar for subsequent deeper diamond drilling (or have I got it wrong). Surely, that deep, we have moved beyond water flows?

    Lastly I refer again to the "vibes" of the call I received last week, reiterating their focus on delivering results by 30 June.



 
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