The haven't as yet said when drilling would start, in the announcement released 19th January https://www.asx.com.au/asxpdf/20180119/pdf/43qxkrswn8nml5.pdf
They stated:
Road construction had started from the Mazurini River landing to Turesi Lithium project for drill access.
A drilling programme will be finalised after completion of the analysis of the current exploration results.
a) Drilling is planned to begin on or about the first week in March when the (current) wet season ceases.
b) Timing would depend on the availability of a suitable rig - GSM in discussions with a drilling company with Guyana based drilling equipment.
They stated:
- A 15 - 20 hole core drilling programme is being prepared, with site preparation for this had started
- A camp for drilling operations was being constructed at Turesi
- Road access from the landing on the Mazurini River to Turesi was currently being upgraded to enable site access during both wet and dry seasons.
- An excavator had been purchased which will need to be barged to the site to be used to prepare drill sites and actually move the skid mounted drill rig around
- Orbit Garant Drilling Guyana will supply the skid mounted rig - there is absolutely no mention that is is actually available
IMO there is nothing in any of the above, taken from all the points of the combined announcements that they would have completed everything and that drilling had actually started, 3 weeks since that announcement and a lot to get done prior to the drill starting .........
My thoughts on times for results due are covered in post 31506313 but my estimate on all things considered would of been early August for assay results to start coming out, but that was on the assumption drilling started by the 8th March....
All the above IMO
GPP Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
