ADT 13.4% $2.97 adriatic metals plc

So, it looks like they went through a low grade patch down...

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    So, it looks like they went through a low grade patch down plunge and are now hitting decent intercepts again.

    It seems the drillers are not that competent. Since the last reported hole (no. 2) on 10 August 118 calendar days have passed. With the highest drill number reported being no. 22 and one already reported on 10 August we have 21 additional holes. Were they not drilling with three rigs there? So, 21 holes with 354 rig calendar days indicates an average of almost 17 calendar days per hole. At an average down-the-hole depth of approx. 350 m that would give 20 m per day. However, I know from an earlier message of Paul that they pilot the holes with RC drilling. That makes the overall progress at 20 m per rig day very unimpressive. Moreover, I count at least 3 abandoned holes. One wonders about the quality of drillers.
    What I do not understand is why holes 2, 16 and 21 on section B-B' intersected the target at virtually the same spot. Very wasteful drilling. No wonder it took ADT so long to report anything. Let's hope things progress a little better from now on and that the improving grade trend down plunge continues.

 
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