Thanks for the extra detail Dr West Do we have any idea what it...

First 54 Last

Share
Profile

Follow
tallplumber

4,772 Posts.

715

30/06/20

13:00

Post #: 45537705
Share

Originally posted by Dr Jonathan West ↑

Hi All and there is so much, and largely uninformed, chatter about drill permits without any understanding of exactly what the rules in Peru are. As Robmac, Maxter and Mattoo say you have to specify the exact GPS co-ordinates of each drill location as part of the permitting process. No point in even starting the permitting process until you have that information and we have only just received it.

It is also not a quick or simple process, given the scale of the likely drilling and the fact that full blown EIAS studies are required as part of permitting. These things don't happen quickly or cheaply and not while the country is in COVID lock down. Permitting process has started and the Board are actually very pro-active in this, despite WE61's usual negative comments. Also, the previous drill permit issued for Humaspunco (which is still current and can be used if we end up with drill targets on that specific ground) is area specific and for drill targets outside of that designated area, a new permit is required. That is the law in Peru and, whether we like it or not, we have to comply with it. So despite the "we will all be ruined Hanrahan" comments, things are in hand and moving at pace.

More importantly is the fact that today's' ASX release was something special. Just think about it - 14 separate target areas and at least 21 drill holes recommended by the independent experts. That is an outstanding result and tells me that there is a very large mineralising system here at Riqueza and that it looks to be largely uneroded and so we also have the potential for multiple types of mineralisation styles and therefore potential for more than one ore body. I am very excited about what we now have and you have to think that these data have seriously increased the prospectivity and therefore attractiveness of Riqueza to other parties. As shareholders know, you can contact me directly if you want more detailed discussion on these matters.

Expand

Thanks for the extra detail Dr West
Do we have any idea what it may cost to drill ?

ICG Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 68 more messages in this thread...

First 54 Last

Add ICG (ASX) to my watchlist

(20min delay)
Last 0.7¢		Change 0.001(16.7%)		Mkt cap ! $5.633M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$50	7.142K

Buyers (Bids)

No.	Vol.	Price($)
4	2488245	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	1728794	3

View Market Depth

No.	Vol.	Price($)
4	2488245	0.006
10	2189187	0.005
11	3527620	0.004
7	8306780	0.003
3	1300000	0.002

Price($)	Vol.	No.
0.007	1728794	3
0.008	4422898	6
0.009	2400000	3
0.011	590000	2
0.012	500000	1

Last trade - 15.14pm 09/05/2024 (20 minute delay)


Last 0.7¢		Change 0.001 ( 16.7 %)
Open	High	Low	Volume
0.7¢	0.7¢	0.7¢	200000
Last updated 12.47pm 09/05/2024 ?

ICG (ASX) Chart

Thanks for the extra detail Dr West Do we have any idea what it...

Featured News

CBA profits fall 3% in March quarter but funding portfolio is flourishing

Recce breathes better on positive lung infection drug pilot test results

UNITH's digital humans expand into Amazon; Facebook

Prominence impresses the market with uranium grading 5,269ppm in Kazakhstan

Raiden opens door to private Mallina in win-win Arrow Gold divestment

Buyers (Bids)

Sellers (Offers)

Featured News

Thanks for the extra detail Dr West Do we have any idea what it...

Featured News

Top Stories

CBA profits fall 3% in March quarter but funding portfolio is flourishing

Recce breathes better on positive lung infection drug pilot test results

UNITH's digital humans expand into Amazon; Facebook

Prominence impresses the market with uranium grading 5,269ppm in Kazakhstan

Raiden opens door to private Mallina in win-win Arrow Gold divestment

Buyers (Bids)

Sellers (Offers)

Featured News