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Ann: First Drill Hole Started in Brazil, page-997

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Tcb007

20,638 Posts.

2698

21/06/24

14:34

Post #: 74427234
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Originally posted by Paul88 ↑

Tough ground conditions indeed. Assuming they drilled BRDH001 and liked what they saw and extended to 300m, with challenging conditions and on single shift with weekends off, I'd say 125m of drilling per week would be reasonably achievable. That would make it about 3 weeks of total drilling for BRDH001. From 15 April, that takes us to about 6 May. Another week to prepare the core and then truck it to the lab in Belo Horizonte for analysis, takes us to about 13 May. Say another 4 weeks to get back assays, then another week for OZM to make sense of them, brings us to the date of around 17 June which is right about now. So there's no reason not to expect something to drop shortly. My guess is first thing in the new financial year.

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Might take them 4 months to drill 5 holes at that rate

OZM Price at posting: 5.4¢ Sentiment: Buy Disclosure: Held
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