Just to summarise where TAS are at the moment with regard to their Pernatty drilling programme.
At the moment the diamond drill bits are still cutting through the cover rocks i.e. the basement has not yet been reached. It appears that up to 4 holes in 4 different locations are being drilled in this first phase of drilling (a total of 8 holes are planned at Pernatty).
The basement is where the mineralisation lies.
At Carrapateena the basement lies between 470 and 1470 meters.
It appears that the basement at Pernatty will commence somewhat deeper than Carapateena.
Before the end of December, we should get some initial news from TAS as to what they have found in the basement. Having said this, the final assay results will probably be announced at the earliest in January.
Depending on whether TAS find significant mineralisation in this first phase of drilling, IMVHO TAS will then decide if and where they will drill the remaining 4 holes. If they decide to drill further, this second phase of drilling will probably commence in January i.e. using the rigs that are already on site.
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