how many drill rigs are they using ....????

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11/10/24

14:10

Post #: 76082478
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Originally posted by ASXSectorWatch: ↑

Well unfortunately I need to reply to people especially when they publish incorrect information. I don't claim to be perfect and I'm not and I know this, but what I do is look in great detail on my investments. Both from an investors perspective and also drawing upon my association within the mining sector.

If you think correcting incorrect information is arrogant then so be it. It doesn't bother me because doing my own due diligence and basing my own information based on factual, publicly available information then I'd rather be arrogant than post things that are incorrect. If I have posted anything that's incorrect I'm more than happy to be corrected myself as it's my firm belief that no one is perfect and we're all forever students.

But anyway to address your theory of it being impossible to complete 40 holes in that timeframe I've sourced some more publicly available information for everyone to ponder:

The drill program was for >3,000m of RC drilling as per their announcement on the 19th of August to be completed within 6 weeks:

RC Drilling can produce up to 300m per day:

With that being said, using your 35 days they could have drilled between 7,000-10,500 metres. A minimum of 3,000m in 42 days as they had planned is well beneath that spectrum and is in fact ahead of schedule, not behind as you've implied. But I do think it's reasonable to expect that they may even complete 10,000m but this know one knows and will not know until they release results. Another factor to consider was the fact there was no need to clear drill pads or access roads either as it was drill ready, this could very well have saved them time based on another company that would have had to send dozers in to clear roads, the pads and put in sumps prior to drilling.

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how many drill rigs are they using ....????

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