A typical RC drilling rate is approximately 200 metres per day. Therefore, it will take about 15 days to complete 3,000 metres of drilling. Then you need to add mobilisation and demobilisation, so allow for about 3 weeks in total for drilling.
Assay turnaround times have been slow since Covid, but are improving. For a 3,000 metre drilling campaign, we should see results returned in about 4 to 8 weeks. There'll be some overlap between drilling and the lab work with samples being sent to the lab on a weekly basis (ideally).
I had a look on sentinel, and as 10/6/2023, I couldn't see any drilling activity at Tambourah, but it must be said that sometimes the satellite's SAR doesn't pick up the drill holes. If I see any drilling activity, I'll post it.
Assuming that drilling starts in the next week or so, some, or possibly all results could be available for the AGM, however, it'll be up to the board as to whether they release partial results as they become available. So, it's possible that we might start seeing results from mid July onwards, but ultimately, it'll be wait and see. It will be almost certain that we'll have the complete Tambourah results by mid August, assuming that drilling has commenced in the next week or so.
Bottom line - expect the Tambourah drill results from mid July to mid August, as long as drilling commences by mid June.
GLTAH
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7.9¢ |
Change
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Mkt cap ! $46.35M |
Open | High | Low | Value | Volume |
7.5¢ | 7.9¢ | 7.1¢ | $39.26K | 514.6K |
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No. | Vol. | Price($) |
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1 | 50000 | 7.3¢ |
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Price($) | Vol. | No. |
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7.9¢ | 148484 | 3 |
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No. | Vol. | Price($) |
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1 | 50000 | 0.073 |
3 | 208616 | 0.071 |
1 | 1500 | 0.070 |
2 | 29000 | 0.069 |
2 | 214925 | 0.067 |
Price($) | Vol. | No. |
---|---|---|
0.079 | 148484 | 3 |
0.080 | 120000 | 2 |
0.100 | 404521 | 2 |
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0.110 | 100400 | 2 |
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