CRJ 0.00% 1.5¢ caravel energy limited

crj mox vms all looking sick, page-9

  1. 8,880 Posts.
    They are re checking the data and the drill sites as so far they have had 2 very unexpected results, the first hole at Jenny was drilled on the wrong side of the fault and missed what deposit could have been present and at the second hole at Penatty the drilled into an undercover granite hill, not what was indicated by the data. Fortunately the PRIME sites nearer to Carapeetena have not yet been drilled and of course they are also the main focus of speculation on the "due dilligence" being performed by a few other companies.
    The current drills in the Adelaide Fold belt are much shallower from what I gather but in an area of historically high grade copper mining. Overall no problem with CRJ, when the data and siting are sorted they will return to the Carapeetena area if they don't get taken out first or establish a JV with a major.
    cheers
 
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