Hello. I took a guess at this based on the text below. I guess PTR need to drill around another 4,800 metres to Indicated JORC the current Rosewood area. Therefore, it appears PTR can achieve a lot with the new 6,000 metre drilling program.
The last drill program did around 51 drill holes; most are around 200 metres apart, except for others around 400 metres apart. I guess around 22 drill holes can infill these 400 metre spaces, which will total around 2,400 metres for the existing 7 drill lines. Then PTR can drill another 12 drill lines for around 4,100 metres. Total new drilling is 4,800 metres.
However to drill 4km x 2km for the area north would be 9 x 11 x 33 = 3,300 metres. This said, this is not important for an Indicated JORC, unless the exploration drilling finds superior results.
PTR Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
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