"Up to 30,000m of RAB/Aircore is planned and drilling should commence within the next two weeks. In addition, a 700m deep diamond drill hole is planned into a magnetic high, which is interpreted as a possible igneous intrusion into the Yerrida Sedimentary Basin that hosts the Thaduna Project. Mineralisation possibilities include Iron Oxide Copper-Gold (IOCG), skarn and porphyry copper-gold styles. Sipa has been granted $125,000 towards the direct drilling cost of $250,000 by the Western Australian Government through the 2010/2011 Exploration Incentive Scheme. It is planned to drill the hole in late August/early September".
Things should certainly start to get interesting very soon. I hope they can keep this timetable for the Diamond Drill hole!
SRI Price at posting:
12.5¢ Sentiment: LT Buy Disclosure: Held
