SER 6.25% 1.5¢ strategic energy resources limited

Saxby Gold Project .... Chase the Gold, page-23

  1. 5,515 Posts.
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    yes the drilling @ Saxby last year did not go according to plan, since 2 vertical holes were expected to be completed by end of October - after commencing 1st hole on Oct 10 The vertical holes to avoid the deviation issues from previous 2 campaigns by others.

    only 1 hole was completed - on Nov 9 and with the approaching wet season then it was decided to postpone the 2nd hole, being the step out.

    per June quarterly, 4 holes are planned [but will there be more due to successful CR - I hope so]

    I notice BOM expecting wet season to be rather wet in east coast this year - thus SER will need to complete all drilling and demobilisation before end of October IMO. to drill 4 holes in the 2 month time frame means they will need @ least 2 rigs - and decent rigs that not prone to breaking down

    am very keen to see the drilling plan - and as previously posted - if robust drilling plan with @ least 2 rigs, then that should add quite a lot to the sp, pre-drill, success with adding strike will add to the sp again and if a decent hit then Fish3 - you are on the money

 
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