PRX 0.00% 0.2¢ prodigy gold nl

$60,000,000 thanks, page-38

  1. 2,475 Posts.
    lightbulb Created with Sketch. 855
    "Just maybe they have extended drilling now wouldn't that be good"
    There is obvious confusion will try again to clarify & you are right with your interpretation.

    G'day Jim, The announcement was a little confusing, although after reading
    it became clear as its stated in the 14th November report that !
    Drilling is continuing at the Grapple Prospect therefore a 14 hole program commenced at Grapple alone.
    As we have received results for only 5 holes from Grapple thus far then we
    await assay results for the following.
    Grapple-x 9 Holes.
    Prowl-x 8 Holes.
    Springer -x 2 Holes.

    The drilling programs number of holes is also seems proportionate to the
    potential size of targets.

    I believe billyblink also interpreted -that there was only a total of 14 holes
    as he wrote
    but the the drill results of the 14 hole program imo are being inordinately delayed in the context that the first results were a month ago .

    That's why my response to him was the following
    Drilling is continuing at the Grapple Prospect.
    Additional drilling is also planned at the Prowl and Springer Prospects,
    characterised as gold dominant as indicated by regional soil
    geochemical anomalies.
    So drilling is continuing at Grapple !-Not Finished.

    The rig then has to relocate 15kms to the West -springer.
    Presuming they drill this after they finish at Grapple.

    Then the rig has to again pack up relocate another 15kms
    further west again to Prowl.


    This is very isolated & tuff terrain for a rig to negotiate, its
    just not a simple exercise take a look at the below map you can
    see the elevations.



    Once Drilling has been completed they are still 400 kms from
    Alice
    & its not an easy exit like Hyperion/Tethy's -then the trip south
    to the lab & then await results.
    It's also unlikely the lab is only awaiting our results to process !
    So are results late ? have you made all the above considerations.

    I did not get any indication from billy that he realised the above
    given recent posting from him & as can be interpreted in his post
    he thinks its only a total of 14 holes in all prospects & assumes the
    worst as he believes results are late.
    Any one confused go back & re-read the announcement & look for
    Drilling is continuing at the Grapple Prospect !
    this is post results for x 5 holes inclusive in ASX ANN 14 Dec
    Mineralisation discovered.
    Sorry about the length of this reply, but it is important that ABU
    stake holders comprehend these facts.

    Again we await assay results for the following.
    Grapple -another x 9 holes !
    Prowl-x 8 Holes.
    Springer -x 2 Holes.
    Due December as stated-so any day .
    If you are unsure after re reading announcement even after reading this post
    then call ABM Resources for clarification.
    imo-gltah
    salt
    Last edited by Saltiga62: 15/12/16
 
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