tawana quarterly - looking good
I see they are drilling the Daniel Project right now, this is the one that is similar to Bow River, in a paleochannel identified by BHP. Timber Creek also seems to be kicking out the diamonds, and will be a very interesting play once the final count is in (12000 diamonds so far from 3000t bulk sample) and grade/value is determined.
Flinder Island also has a drill program going too.
Many irons in the fire, Im hoping for just one to go well!
TAWANA RESOURCES NL - 1st QUARTER REPORT FOR THE PERIOD 1 JANUARY TO 31 MARCH 2003 A full version of this quarterly report is available at www.tawana.com.au in the Company Reports section
HIGHLIGHTS
The Company is making considerable progress on all fronts.
AUSTRALIA
TIMBER CREEK DIAMOND PROJECT: * Additional 3,000 diamonds recovered during the quarter - total 12,000 diamonds recovered. * Recovery problems successfully resolved using Diatech system * Recovery of 2 yellow diamonds * Processing to recommence using Diatech system
FLINDERS ISLAND DIAMOND PROJECT: * New kimberlite targets selected from geochemical analysis * Drill program scheduled for May, 2003.
SOUTHERN AFRICA
DANIEL DIAMOND PROJECT: * Drilling commenced within 2 of 6 exploration areas * Discovery of important alluvial channel located 6km from a major diamond mine
PERDEVLEI DIAMOND PROJECT: *Bulk sample results received and verification underway
KAREEVLEI WES DIAMOND PROJECT: * Completion of 25 hole drill program. * Diamond recovery work commenced
CORPORATE *Proposed free 1 for 2 option offer to all shareholders *The Company has A$1.6m in working capital.
TAW Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
