2018 – A Year of Action
Interpretation and Target Generation Complete
Preparations Underway for Drilling
Initial Drill Program ~25,000m
Excellent company presentation today
25,000m drill program due to start, that's some serious drilling.
Yandal East Project – Forward Program
Consultant interpretation and target generation completed
POW application – lodged February 2018
Drilling tenders sent out to drilling companies
25,000m drilling program scheduled for Q2/2018
Follow up drilling Q3/Q4
Regolith masks bedrock geology
Very little outcropping geology on the Project.
Covered by a variety of transported cover from alluvial, lacustrine and aeolian
Historic Drilling
2,077 holes for over 118,000m drilled to date, the majority are shallow RAB and Aircore holes.
The effectiveness of this drilling is questionable
Effective Drilling
A detailed review of the database indicated 673 holes for just over 53,000m was effective drilling ~32% of holes.
Echo Resources (ASX:EAR) indicate that 7% of drilling at their Yandal Project is effective. Geochemistry
The transported cover diminishes the effectiveness of soil sampling geochemistry.
Conclusion
Opportunities for company-making new gold discoveries with quality geophysics data, interpretation and effective drilling
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- Ann: High Priority Targets Identified at Yandal East Gold Project
Ann: High Priority Targets Identified at Yandal East Gold Project, page-9
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Last trade - 15.54pm 14/05/2024 (20 minute delay) ? |
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Last updated 15.54pm 14/05/2024 ? |
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