It's going to be a long frustrating wait for the drilling campaign. 39 is a lot of holes and I wouldn't expect preliminary detail until September, unless they give an update with drilling in batches according the the various lodes they are targeting.
I can't see any BH drilling results this year. We still haven't done aerial survey, though I was interested to read in this update that the next focus would be on the BH cobalt. Planning, permits then the set up and drilling will take six months I think.
Money will be an issue by then so unless the legacy stockpiles can be sold a CR will need to be done in the second half of this year too.
The announcement is good, but clearly the market was not surprised by any of its contents. Steady as she goes.
Ann: Phase II Drilling Campaign Approved at Cangai, page-9
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