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GortonGums

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30/07/21

15:04

Post #: 54909338
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Originally posted by bas10 ↑

There is no drilling. They're only analysis and paperwork.

Activities Planned for the September 2021 Quarter
Results from the core hole program will underpin the completion of geological modelling and the samples collected will assist in calibrating the Company’s test retort. Detailed logging of the core will continue into the September Quarter. Confirmation of lithotypes and analysis of sample intervals will be followed by a detailed laboratory testing program, including raw assay analysis, organic petrology and reservoir characterisation of the deposit.

The program will also include a Modified Fischer Analysis (MFA) that will provide the Company with an indication of the potential bitumen and synthetic-light crude yields from the torbanite. The MFA process sees a small sample of the torbanite crushed and heated, to a standardised level, in a small aluminium retort. The amount of synthetic-light crude and bitumen derived from the MFA is then used as a point of measure for updating the current geological model, determining volumetrics and for further evaluation and calibration of the Company’s own retort testing.

The Company also intends to provide asphaltene (bitumen) material samples for preliminary evaluation to interested parties in the September Quarter.

The Company is confident that it will be able to deliver the DFS in the late stages of 2021/early 2022.

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Are you proud of being this willfully stupid? It gets worse with every post.

GRV Price at posting: 46.5¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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