PUA 0.00% 0.6¢ peak minerals limited

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  1. 2,568 Posts.
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    however, this new round of dilling is not seriously testing the exploration potential. Very limited drilling. Only 1750m, only 11 holes- some of which are to be extensions of existing holes, and only extending drilling 350m of Hargraves central zone strike and only to 300m. And this limited drilling is still going to take 3 months. They are certainly in no hurry.
    No plans yet of scout drilling. Management spoke of some scout drilling and also upgrade of reources to 1million oz but I can't see these 11 holes over the next 3 months achieveing either of these objectives.
    Would liked to have seen one exploratory drill to 400m depth every 400m along the many kilometres of known strike length of all the outcrops in the leases (where topography allows) just to let the market know how big this project could become.
    I get the feeling their hiding this one.
 
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