The initial drilling schedule was 4 holes for Roadhouse/JS 1 for DC, @ for Plains and 10 for Mt Lamb - total 15,800m
This was already funded.
Subsequently, added $4m to AU exploration - t/f from Peru.
Drilled 1 hole @ Roadhouse, deeper hole @ JS, 2 x R/C Collars @ JS and 6 holes @ Mt Lamb - way below what was initially planned.
2,800m @ DC/Plains and approx 4,000m for Mt Lamb for starters - saving some $1.7m basis $250/m
One big reason why the reduced program is because so much has been discovered and ICG have more than enough to keep busy - the additional holes are not required at this juncture. ICG have exceeded expectations with the 1st round of drilling.
The 2nd round of drilling likely to be JE and Mt Lamb - commencing Oct/Nov - Roadhouse will be after MDI report on Crosswinds & maybe GRV = 2023 drilling Roadhouse if we need to.
It would not be a surprise to me that Roadhouse is not drilled until 2024 - simply because ICG will be flat out with Mt Lamb and JS.
The access tracks for JS/Mt Lamb should be good until the real wet from say mid Dec to Mid Feb, so we can be drilling up until Mid Dec in ET.
The quarterly report should update the forward drilling JS/Mt Lamb/JE
Look forward to the quarterly and FW220010 completing.
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- Ann: Review of drill-hole FW220009 at the Mount Lamb NE prospect
Ann: Review of drill-hole FW220009 at the Mount Lamb NE prospect, page-41
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