Daytrading May 16 afternoon, page-43

SGQ - email from JP. From: http://hotcopper.com.au/threads/ann...ands-sgq-ax.2768261/page-131?post_id=17771973

John Prineas
Sat 14/05/2016 7:42 PM
Inbox


The next round of drilling will be at the gold targets at East Laverton. That is scheduled to start in first week of June. It’s a small delay in our expected start for that drilling programme.


While we wait for drilling to start at the gold targets, there will be newsflow of new EM targets at Mt Alexander and assays results for the recent drilling at Mt Alexander. We will also start saying much more about the gold targets. Drilling at Mt Alexander will re-commence in late June/ early July.


I don’t think we will lose too much momentum in the share price.  There is plenty of drilling on the way.


We have a drill hole designed to test the EM conductor at Windsor but would like to complete some more geophysical modelling before we proceed to drilling so that we can add one or more deep holes to test the deeper levels of the basal contact. We are currently completing inversion modelling of gravity and magnetic data which will tell us some more about the ultramafic channel at Windsor. We will use that to design some deep drilling, which will make the Windsor drill programme more cost efficient (drill rig mobilisation costs will be spread over more metres of drilling) and more likely to be successful. We will announce more about this soon, with drilling at Windsor to be scheduled either side of the next Mt Alexander campaign.


Regards

John