GRL godolphin resources limited

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Ann: Quarterly Activities and Cash Flow Reports June 2021, page-6

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Jacko22

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02/08/21

13:30

Post #: 54962209
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Originally posted by prawn_man: ↑

Amigos, the geophysical survey had problems - so back to the drawing board on the porphyry at Copper Hill East. But there is some good news though. I have been to Lewis Ponds in the past and its hard to describe, but there are piles and piles of core trays from historic diamond drilling - these piles cover a huge area. I think GRL once had a photo of these piles - last night I looked through old announcements but couldn't find the photo. Yesterday's announcement states that these cores at Lewis Ponds have been re-examined. That is a great move, IMO. Possibly many of these cores were not assayed for gold - also historic logging may have ignored tell-tale signs of gold mineralisation because the companies were focused on base metals. And maybe some cores could have come from areas outside of GRL's JORC-resource. So the new MD and her team have been busy inspecting, re-logging, plus sending samples for assay. Great - think of how much money and time is saved by not re-drilling areas which were previously drilled by other companies. Who knows what the team will find, but hopefully there will be some pleasant surprises when GRL reports on the assays.

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So what have the team been doing since Dec 2019 if they are only just going through old drill cores now? Wouldn't that have been higher on the agenda for a new coy to get their teeth into? Esp. when they listed LP was their major target? Not overly impressed with how this venture has been handled to be honest...
J22

GRL Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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