I would guess that they started drilling up to a week before they notified the market, so they have likely been drilling for two weeks now. I understand RC rigs can achieve up to 300m a day, but let’s assume 100m to be conservative. So guessing 15 days of solid drilling to achieve 1500m.
In October, Thomas mentioned that they had a good relationship with Bureau Veritas (Adelaide) and they were expecting to turn over samples every 3 weeks or so, however, they were referring to AC, nor RC samples. Not sure how the industry wait time has changed since then though.
Also, I’m guessing that they are sending samples to the lab every few days. This is just a guess, but I wouldn’t be surprised if we heard back on results by early/mid May.
Plus I’m guessing that they will significantly expand this drilling program. Lots of targets other than Wyacca in Mt Craig. So lots of news flow is likely.
Fingers crossed that they hit the goods at Wyacca.
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