ALK 0.83% 59.5¢ alkane resources limited

I am fairly certain , that the budget for Tomingley South was $6...

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    I am fairly certain , that the budget for Tomingley South was $6 mill for 60, 000 metres of RC and DD drilling ...and that programme is well underway .
    Would have to expect the Budget will INITIALLY have to be equal to that at Boda/ Kaiser , to try to get a real; handle on the extent/depth/geophysics of the deposit . Combination of deep DD holes to say 800 -1000 metres ( each one x circa $150 k per hole ) , and RC . Will be much more when/if they go to quantifying all/parts of it for resource calculations , but that part would be well into next year . They will have a better handle on it , when the forthcoming next drill programme is mapped out .
    Current cash , and with the start up of underground mining at Tomingley soon providing more , enables the drilling to be done without constraints ....but Ian Chalmers will ensure the drilling will be targeted to provide best bang for the buck .
 
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