NAG 9.09% 1.0¢ nagambie resources limited

Hopefully we will have a steady flow between now and the end of...

  1. 55,137 Posts.
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    Hopefully we will have a steady flow between now and the end of Febuary

    “Nagambie has been working through a backlog of detailed core logging and the core-sawing of mineralised logged samples and we expect to have largely caught up by the end of February. The purchase of an Almonte 3-phase-powered auto core saw now gives the best possible half-core samples for assaying and eliminates any possible injuries. Changing to the On Site lab in Bendigo is also expected to speed up the delivery of assays.

    We share very similar (sometimes better) grades and widths with Costerfield - all we need now is a commercially viable resource

    “We intend to continue drilling the C1 and C2 vein systems and search for the next one, C3, in the coming months. Consideration will be given to contracting a second diamond drilling rig to speed up the calculation of a maiden resource, a necessary precursor for the permitting of an exploration decline and strike-driving of the vein systems underground on our Mining Licence MIN5412.
 
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