To the best of my knowledge, there are results from two vertical deep drill holes to be reported by years end. These are important drills because the first two in the program extended the mineralisation at depth by about 100%.
Results for the third hole are expected in the coming weeks, and drilling has commenced on the fourth vertical deep drill hole. These holes are each about 1 kilometre long.
The DFS is also expected to be completed by the end of the year, which will include an updated JORC compliant resource statement. Two years worth of infill and resource extension drilling will be included.
The resource statement will also concentrate on adding significantly to the 'Indicated' category.
Or, as the company said on 19 October 2010:
Work is continuing to complete a revised resource estimate for the Yandera Project by the end of 2010, which will include data from diamond drilling completed since the last estimate.
Hope this helps.
MGO Price at posting:
27.5¢ Sentiment: LT Buy Disclosure: Held
