Ann: First Phase Exploration Progressing at Crown Project, page-90

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08/09/21

21:08

Post #: 55933326
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Originally posted by coto: ↑

I would like to hear everyone's thoughts on when they expect the initial Crown rock-chip assays to be released? I know in the above announcement released 5/8/21 they mentioned that exploration had started and initial samples were sent off for analysis. I would expect another 1 week in the field to at least round out the reconnaissance and sampling program. That takes us into approximately mid-August. We know that lab turnarounds are very slow at the moment, it can be up to 2 months in some instances, my belief is this will be a 4-6 week lab turnaround then 1-2 weeks of analysis and interpretation into a suitable announcement for the public.

I expect them to wait and compile all the rock-chip sample results in the one announcement due to it being over a wide area and generally most rock-chip sampling is a bit hit and miss and is often done to further delineate target areas. If it was a drill program I would be more open to an intermittent release of results that generally target more precise areas and more accurate data in general.

My belief is mid-October for the Crown rock-chip assay results release. Happy for others to give their thoughts? Any sooner would be a positive and I would be very surprised, but OAR is generally a little late on their timelines so I am not carried away with a late September/early October release.

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Hi @coto, I'd say lab turnaround time PLUS time required to arrange a suitable ASX announcement will take anything between 8 - 12 weeks (based on past performance). Just my 2 cents worth.

OAR Price at posting: 1.3¢ Sentiment: None Disclosure: Held
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