Back from hiatus
Spoke to Andrew and received a very positive update and view on drilling from the company's perspective
- Hole 3 was targeted because of the Sasak technology
- Hole 1 was targeted using more tradition methods leveraging identification of a known anomaly
- unlucky timing of the assay results having to report hole 1 and 2 after we had reported hole 3. For some they have tried to treat it as 2 failures in 1 drilling program
- hole 3 was a stand out ....but un-mineralised. However the identification of proximal and distal alteration is as good as it gets without finding the ore - can be literally be meters away from Gold Ore yet only have less than 100ppb Au in the rock.
- MRQ have sufficient funds to continue the exploration program at Yardilla and will do so as soon as we can
I am therefore holding and waiting for next round of drilling. They should have a program and follow up targets announced this week, with next round of drilling much more targeted and expected to encounter the nearby source of mineralisation - no need for a CR in the short term, so next round of drilling results are critical
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The target at Yardilla, page-18
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