TBA 0.00% 2.6¢ tombola gold ltd

Ann: Company Update, page-84

  1. 13,592 Posts.
    lightbulb Created with Sketch. 295
    Very hard to say Z but the additional quote is:

    The resource estimate for Mt Freda was based on the drilling completed by Ausmex over the past
    two years and was planned and drilled using previous drilling locations and assay results from two former
    ASX listed public companies, QMC and DMR, that once owned these tenements. The Company is now in
    possession of additional drilling logs and data from DMR and are intending to update the Mt Freda resource
    using both QMC and DMR data, after certifying the previous drilling, to comply with the 2012 JORC code.


    So if you accept what the co says at face value, they did not have the additional drilling logs before for whatever reason. Maybe the problems with Mt Freda resource led to them finding these logs? They have said there will be minimal drilling required to upgrade the Mt Freda resources - ie ADD to the resources. Was this associated with the resignations?

    Maybe we will find out one day!
 
watchlist Created with Sketch. Add TBA (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.