Hello. PTR have flagged a new 6000 metre program. Last time, the program was said to be 4,000 metres but ended up 3,444 metres with 1697 metres was drilled at Rosewood and 1652 metres drilled on the ilmenite. Rosewood was 7 drill lines. if Rosewood is to be drilled out at 500 metre spacings, I guess that would be another 3,000 metres. If Rosewood extends another 2km north for half its length, that would be another 2,500 metres. However, at 500 metres spacings, would this produced an Indicated JORC required for Scoping and Feasibility Study? Personally I doubt it. I guess a JORC for any type of feasibility study would possibly required 25 metre spacings. I don't know exactly.
PTR Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
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