OAU 0.00% 0.6¢ ora gold limited

trading pattern, page-10

  1. 3,548 Posts.
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    JGPM

    If you look at the early drilling at SFR, then this initial drilling of THX's doesn't look to bad.
    With the latest ground surface based geophysical results just being completed and the information they're going to gain from them plus the DHEM results they have, I expect to see significantly better results in the upcoming drilling.
    A lot of SFR's hits are from a lot deeper.
    I understand the drill rig they've got to do the next round of drilling goes down to about 200m.
    I understood when I previously spoke with Brett,they'd hope to get a bigger rig that was being used at SFR, but obviously not available.
    Brett said they're still pleased with the results so far.
    I think we're all expecting results like SFR are getting now, but it's taken them from April 2009 to get to their latest position. THX has been at it since the end of July 2010....less than two months!!
    They are still waiting for assay results from Hayes Creek and I think are most probably as frustrated as us in the long wait.
    Ngalia has got two drill rigs working there and the speed of drilling each hole has improved significantly, now the guys working there have sort out how to do with the problems associated with drilling there.
    Brett's been very busy doing his presentations etc and just completed trip to Japan with NT govt and of again to the East Coast today.
    He's a very busy dedicated guy from what I can gather and a good person to have working for the company you have an investment in.

    Regards
    Dabru

 
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