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GAL discovery-impact on Mt Thirsty?, page-1047

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LST123

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06/10/22

08:44

Post #: 64053580
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Originally posted by OldDriller: ↑

Agree OG which surprises me there has been no updates. As mentioned here earlier phase 1 should be well and truely finished. They have 1 (possibly 2) multi purpose rigs on site so the RC pre-collars would be quick followed by the diamond tails. drilling is only going 200-300 mts so it's not like deep exploration. 16-18 holes since mid to late August should of been completed mid last month IMO, if they haven't then they need to have a serious look at their drilling contractor. Does anyone know who it is? Are they a WA based contractor because it would be foolish if it isn't (no disrespect to interstate contractors at all but WA's ground isn't like QLD/SA or NSW)

If phase 2 has begun then I would of thought the market would of been told. Maybe hole prioritisation has slowed thing down a bit but I'm sure the geo's on the ground are onto that.

Markyboy, don't bet on rigs sitting idle and on standby waiting for the next phase. Rigs around the country are busy and they make money by drilling holes not sitting on standby. Staff are hard to come by so the days of sending crews home while they wait for decisions/assays are well and truely gone in this environment.

With the world going bananas over lithium the past 12 months why weren't the MTJV drilling last year? No one is just sitting on Lithium and not proving it up, if they were then that shows that the board of both companies in the NTJV are out of touch or not serious about making a discovery.

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The CNJ story so far is fascinating.
It appears there's been known mineralisation in effect sitting in the ground at Norseman for years, lost critical cores from historic campaigns, yet a focus on overseas exploration in more challenging environments and now the potential for a major discovery - and lithium. It would make a great doco. Exciting times ahead

Last edited by LST123: 06/10/22

CNJ Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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