NAG 0.00% 1.7¢ nagambie resources limited

Ann: Strong 3D IP Sulphide-Gold Target at Nagambie Mine, page-28

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,690 Posts.
    lightbulb Created with Sketch. 561
    This is the first IPs of the NAGs EL area of 2,051 sq km and it has exceeded all expectations.
    That box can be double ticked. The next box is drilling.

    The grades (from drilling) will be determine whether the last box is ticked - One to go!
    IF we assume first Drill Hole is started on 1st April & it takes 2 weeks to complete,
    then we could have "visual gold" sited in the first core by about mid April.
    Assays Results - about 2nd half of May but if there is "Visual Gold" it's another double tick.

    So there could be sightings of Visual Gold (if present) as early as Mid April.
    If they have say 12 Hotspots which they want to drill & they take 2 weeks each,
    then the drilling team will be there for 6 months, completing a drill every 2 weeks.
    That's based on 1 drill hole per Ore Body - with the size of Anomalies, probably 2 Drill Holes
    That means drilling for 12 months non stop & assay results fortnightly for 12 months.
    That means an assay results Announcement every 2 weeks for a Year.
    Last edited by JetBlue: 22/03/18
 
watchlist Created with Sketch. Add NAG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.