Amigos, the shareprice has been stable for a while with very low...

Amigos, the shareprice has been stable for a while with very low volumes and the recent announcement suggests we should get news about the assay of the first drill hole in early September. "The first RC drill hole T-MAR032 was completed onThursday 6 August with a final depth of 126 metres, intersecting good visible quartz veining. Drill samples from T-MAR032 have been submitted to the laboratory for assay". The drilling was RC so they would only have chips of rocks to look at - the assay by ALS will give the grade of gold. Until the weather clears, there isn't likely to be too much to talk about, but I thought it would be good to go back to see how this drill hole #032 fits in with the previous work.

In the earlier announcement on 22 July, GRL said: "The Phase 2 drill program will target mineralisation in the favourable basalt host above the sediment contact as identified in MAGRC0011(28m @ 0.92 g/t Au from 60m including 16m @ 1.1 g/t Au from 72m), as well as geophysical targets identified in an historical IP survey and a recent ground magnetic survey completed by Godolphin. Total RC metres planned in the Phase 2 drill programme are approximately 700 metres." After reading the whole of that announcement, it sounds likely that the plan for drill hole #032 may have been "to intersect the mineralised quartz veins in the favourable basalt host just above the sediment contact." It seems that mission was accomplished. The "good visible veining" may be enough to tell them that they have extended the target. Time will tell.