ALK 1.57% 62.5¢ alkane resources limited

Ann: Annual Resource and Reserve Statements, page-21

  1. 7,498 Posts.
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    I get that but just wanted to see what these 3 holes look like. Otherwise yes, they will test both.

    If we know this is a third hole testing at depth the same spot it could indicate they are hitting something really good in that very spot and want to keep pushing deeper to see how far it takes them and what else will be revealed.
    Normally they test 1 hole at depth and if it's so/so then they will stop there and keep moving at strike until they reach the limit of the high grade zone from visual point of view.

    Moving further at strike, with the second rig, could mean the high grade zone still extending north/west.

    So 1 Rig testing the depth limits and possibly (hopefully) revealing really strong visuals so it warrants to keep pushing deeper while Rig 2 keep extending the strike zone of this high grade.

    The longer they take before moving to Boda2&3 the better - in my view as that would mean there is good reason preventing them going south.

    How I read it anyway.
 
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