Our JV partners drilled 550m and somehow spent $1M in 10 weeks to satisfy Stage 1
"In the first stage of the JV, the funding partner earned a 30% interest through their commitment to sole fund the ongoing 2015 work programme totalling ~$1m (US$750k), including a maiden diamond drilling programme. Apollo will be free carried at no cost during exploration until the JV Partner earns a 50.1% interest or ceases funding prior to completing the earn-in.
During the quarter, the JV completed additional ground based magnetic surveys and defined a number of drill traverses across the P1 and P2 prospect areas. A maiden diamond core programme commenced and subsequent to the quarter end completed 9 holes for a total of ~550 m. The JV originally planned to drill up to 1,000m, however due to the onset of the rainy season drilling has been postponed for the time being."
May be including charter flights and entertainment allowances??????
Interesting there was NO drilling this last 9months..............
Also MARS AT
"Apollo is planning a follow up programme to test for extensions to mineralisation at depth and along strike where mineralisation is considered open. A number of historic drill intersections also exist within the Mars tenement (EL5073) held 100% by Apollo, and provide additional target areas for further drill testing."
They now want to explore deeper?....This just feels odd.....
Any comments...........ANYONE?
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