agree with the number of holes but I don't think they have too...

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Antipater_100

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1405

16/09/21

14:59

Post #: 56120558
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Originally posted by Green Bull: ↑

They mentioned Kingswood Corridor in the last announcement.

You'd think that means more than 1-2 holes there as you suggest.

I'd say at least 1-2 at Kingswood itself (one (deep one) under the last hole to try and hit/discover that Northparkes-style high-grade core, and maybe another one on top of that).

Then, you'd think they'll put at least a hole into another 2-3 prospects?

So probably probably 4-6 DD holes at the Kingswood Corridor?

Bodangora is a lot shallower, RC, and quicker, and there's Dick's Reward + Mitchells Creek.

So surely at least 5 shallow (150-200m) into each area or maybe a few more into Dick's Reward?

So hopefully 10-15 holes into the area.

Bodangora will likely start later than Kingswood as Kingswood permits were received earlier, but it might finish (and results come back) before the Kingswood work does as Bodangora will be shallow + RC, so a lot quicker to drill and ship off and get results for.

Assuming they're still drilling Kingswood and Bodangora as they haven't informed us (haha, just joking/exaggerating a bit now, but more comms needed from company regardless - it's the only reason we're at 10c IMO).

Cheers,

GB.

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agree with the number of holes but I don't think they have too many options for shallow drilling. Even at Dicks reward I think they will have to drill 300-350m holes in order to test at depth. Unless they can enter the mines and safely drill from lower levels.

At Kingswood the shallowest they can go is 300-350m if they are serious about exploring anything. That's not that shallow. All DDs should really be 500m and over so no easy or should I say cheap way moving forward. I don't mind if they spend the money on drilling and at acceptable rate but I do mind if they keep drawing salaries and drill 5-6 holes per year. Happy to participate in more CRs as long as the $s are spent on the drill bit.

MAG Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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