Looking at that drill plan it's ~2000m-2500m diamond drilling.
Must be interesting enough for IGO to throw around 500-750k at it. (give or take). Considering they also paid BUX a 500k cash injection for the previous hole.
MLEM survey interesting too - not sure this one will be the money shot, but maybe by chance they have the tiger by the tail. I think this point is the most interesting aspect.
"Establish a geophysical platform that will enable Downhole Electromagnetic
(DHEM) survey techniques to detect conductivity anomalies (that may be
related to Ni-Cu-Co sulphide mineralisation) away from previous drilling."
Whilst the drilling intends to derive the extent of the intrusion i consider it also a very necessary learning exercise for IGO/BUX to find other high grade and more extension mineralization in the area with more precision. This is what the point in italics is alluding towards IMHO.
100% IGO funded is where it's at. Thanks team
SF2TH
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- Ann: Diamond Drilling Commencing at Dogleg Ni-Cu-Co Prospect
Ann: Diamond Drilling Commencing at Dogleg Ni-Cu-Co Prospect, page-6
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