The Drilling Announcement on 16 APRIL 2018 said "the nominal length of NAD001 is 400m, but the hole will be continued if it is still intersecting sulphide mineralisation."
I think we can assume the hole is intersecting sulphide still at 400m and the drilling depth
has been extended to 650m plus, going on the diagram in the MMC Presentation.
If they are "continuing to intersecting sulphide mineralisation"
as was the stipulated criteria for extending the drill depth, then that is great news.
It couldn't be any better news at this stage imo.
That probably means:
1) another 2 weeks of Drilling to get to 600m - which would be about Friday 25th (at 20m/day)
2) another 3 weeks of Drilling to get to 700m - which would be about Friday 1st June (20m/day)
If they send samples for Assaying at the End of the Drilling & it takes 3 weeks, then
* we will get results 3 wks from 25th May = 15th June (600m hole) or
* we will get results 3 wks from 1st June = 22nd June (700m hole)
That's My Timelines - a few "ifs" and "buts" and a bit later then original expected (Late May)My Conclusion - the Longer it takes the better the Expected Results!
but all for the right reasons as Mogga pointed out earlier - it's a bit like the delay in IPs.
- Forums
- ASX - By Stock
- NAG
- Ann: Melbourne Mining Club Presentation
Ann: Melbourne Mining Club Presentation, page-21
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
Add NAG (ASX) to my watchlist
|
|||||
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.559M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 130000 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 2079417 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 130000 | 0.010 |
4 | 172000 | 0.009 |
5 | 3218131 | 0.008 |
2 | 5251263 | 0.007 |
1 | 250000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 2079417 | 4 |
0.013 | 500000 | 1 |
0.014 | 852000 | 2 |
0.016 | 219150 | 2 |
0.019 | 32600 | 1 |
Last trade - 16.12pm 02/08/2024 (20 minute delay) ? |
Featured News
NAG (ASX) Chart |
Day chart unavailable