Over the coming 1 to 6 weeks we will have numerous assay results due from across 4 different tenements in both PNG and Tasmania. Following is a time line according to my research and reckoning on what results are due:
1) Andewa tenement Hole 3 drill assay results due around 18/11/11, being 3 wks from previous Hole 2 release date. My gut feeling is results out on Monday the 21st! Not expecting to much from this, but hopefully consistent with previous results.
2) Stormont Tasmania tenement drilling assay results due anytime now for 7 drill holes reported completed as at 14/9/11.
3) Likuruanga OTML JV tenement Hole 1 drill assay results due around first week of December if no delays at labs in Townsville. Drill hole 1 completed by 26/10/11. Visible copper/molybdenum noted to 550m downhole. Previous drilling grading .41% to .71% copper. OTML updated drilling budget for Likuruanga due out anytime!
4) Bulago OTML JV tenement PNG, first drill hole had commenced as at 31/10/11, drilling to 500m depth. Depending on weather and experience of drill crews etc should only take about 3 weeks to drill to depth, then about 5 weeks for assay results from Townsville if no further delays IMO. So hopefully should see first drill Hole results the week before christmas all going well!
Plenty of news due to flow before Christmas!
These are just my observations and opinions.
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