Can anyone throw any light on the drilling programme?- Why is...

Can anyone throw any light on the drilling programme?


- Why is there a need to drill 6029 drill holes (around 30 per day for the next seven months)? According to GRR (as I understand it) a drill hole is planned every eighty metres in each direction over an area of 3300 hectares.

- What is the cost of each drill hole?

- What depth will they drill?

- Is it necessary to drill the holes close together so that industry accepted "inferred and indicated" resource volumes can be claimed/recognised and accepted?

What is the projected overall cost?

This seems to push the timetable out another six months - can anything positive be expected in the interim?

Understand that I am not against the drilling (it has already commenced according to the company announcement), just the extent of it and the continued delays, but also would like to understand the rate of cash burn. The last quarterly report (27/10/2012) projected that Exploration and Evaluation outgoings for the quarter ending 30/12/2012 would be $702,000.


DYOR. Please don't use my comments to assist you in your investment decisions