Ann: Caldeira Project Drilling Update, page-92

First 92 Last

Share
Profile

Follow
Cand1eStickMan

1,470 Posts.

704

23/05/23

19:43

Post #: 67925045
Share

Originally posted by kansas: ↑

just going over some of these announcement highlights, still a very good read. Proposed 100,000m Air Core Drilling ProgramThe Company previously announced a major drill program to improve confidence in the MRE from Inferred category to Measured and Indicated in preparation for economic studies, as well as testing the true depth of REE mineralisation (ASX:MEI 1 May 2023). A crucial first step has been the recruitment of Mr Rob McGaffin, an experienced Drilling Manager, who recently managed over 200 personnel for African Mining Services (AMS) in Ghana. Rob has overseen the selection of a new Multi-purpose (Aircore) Drill Rig which will be shipped to Brazil during May and is expected to be commissioned on the Caldeira Project at the end of June. Rob has been tasked with recruiting and building the Company’s internal drilling capacity.The new multi-purpose drill rig is a track mounted, supported by a compressor also on tracks, has a small footprint,and requires minimal clearing at the drill site ensuring minimum environmental impact. The rig comes with all crucial spares and is capable of drilling in excess of 200m per shift into the target clay zone. Once the drill rig is staffed and running the Company will consider increasing drilling capacity under Rob’s supervision to ensure our drilling plans are delivered on time and within budget.

Expand

Yep kansas, just shows MEI is moving quickly to advance Caldeira. Program in place for the important milestone of getting to measured and indicated with the help from our new 'in-house' drilling squad under the direction of the Doctor Squad. On the project management side we have the new CEO and the rest of the team should follow shortly. I am very happy with the progress so far, as I'm sure you are too. Those assays from the current program must be getting close now!

Last edited by Cand1eStickMan: 23/05/23

MEI Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

Reply

Top Stories

What's causing the cost-of-living crisis, and how to navigate it

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint