Ann: Diamond Drilling Commences at Wallbrook, page-6

Hi All,
Just got home and read through everything again.

In light of the Exploration Update ann in Feb, i'm going to change my multiple choice response above to B (never a wise thing to do as normally your first choice is usually correct )
I'll guess that 3 specifically targeted sites will be subject to DD holes of around 400m (structural geologist interpretation of how things progress being an over-riding factor).

The 6000m of RC drilling will probably be divided into 30-40 holes of around 200m each to 'sniff out' other areas of interest and 'infill drill' to perhaps arrive at an JORC compliant indicated resource.

As i have banged on for almost 18 months now (sorry to sound like a broken recording) i am most interested in the Paint project. It could well be three months before we hear anything about any results there but, they could be the catalyst for a serious re-rating, imo.

Anyway, in the meantime, we battle the falling POG and rising USD Vs. AUD rate ... Good to see that sellers seem happy to wait and watch a while now. Perhaps we will see ~14c again in a month (barring a DD hole intercepting visible gold from shallow depth!

Good luck all longs
Perdy