TG6 2.56% 20.0¢ tg metals limited

Ann: TG Metals Raises $10 Million in Placement, page-200

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    The oddity is the original program felt like 3,000m with a provision to extend to 4,000m if anything interesting was hit. 13 holes for 3,000m is an average of 231m. 13 holes for 4,000m is an average of 308m. While cheaper, the inherent difficulty of this plan is if you did encounter anything deeper, with RC you would be guessing orientations so any announcement of it couldn't provide even a starting idea of true width.

    From announcements:
    The 8th Nov statement noted phase 2 had started.
    The 17th Nov statement noted 6 holes had been completed for 1,372m. The announcement didn't state the average but that can be calculated at 229m, which supports the feeling of a shorter overall program (or some really deep later holes). Across the 9 days of 8th-16th, it looks like 172m/day was drilled. At that speed a 3,000m program would be complete in another 9-10 days or around the 26th. 4,000m would take Approx 23 days taking it through to the first few days in December. There were changes between the 26th and 1st Satellite passings so it appears likely they have gone past 3,000m and unless now going past 4,000m will be near if not at the end of the original planned drilling.

    With the lengths stated for 1-6 of 13, either the last few holes have been very deep or they have gone back and extended some of the original holes. We will need to wait for announcements to clarify this.
 
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