Reverse Circulation Drilling During the quarter, 18 reverse circulation holes were completed for an aggregate of 2244 metres. These holes complete the planned 25 hole drill program (Phase 1 drilling) at the Mogoyafara South Prospect (total of 3539 metres) that originally commenced in June 2009 and was interrupted by the wet season. The program was designed to extend the current gold resource and upgrade a portion of the current JORC Inferred Resource ounces to JORC Indicated Resource status. Thirteen holes (RCSP 1307 to RCSP 1319) were drilled around existing resource areas in the Mamba Zone, and 5 holes (RCSP 1320 to 1324) were drilled into the Boomslang Zone. Drill hole details are provided in Appendix 1. At the end of the quarter, assays had been received for Holes RCSP 1307 to RCSP 1319 and for a part of Hole RCSP 1320. Assays for RCSP 1321- 1324 are still pending.
I can only guess that the final 4 holes showed no traces of mineralisation and were not worth publishing.
Yes it is very disappointing, but atleast they have a good amount of cash and RF, and also Falun.
We wait. (Atleast, I will wait).
GMR Price at posting:
9.5¢ Sentiment: Hold Disclosure: Held
