With thanks from Podgy1 on the UK iii board dated Sat 11-Dec. I like the bit "central core of 238 is bigger than we thought."
Hi, just a quick email to ask if the samples have arrived for testing, and whether results will be available this week. The company stated that the results will be available in weeks, which i assume is less than a month and does not get delayed to the extent of last time without updates?
Many Thanks Nick,
Merry Xmas
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Nick And a merry christmas to you.
It's a fair question, but I trust you can appreciate that it would be inappropriate to disclose Market sensitive information ahead of time.
I will however repeat what we have been telling institutional investors in Australia and the uk on our recent roadshow, the first batch of samples (about 17 holes) arrived at the lab in Ireland about 10-12 days ago . They promised 10 day turnaround so rest assured I will be on the phone on monday. I am actually going to visit the lab on tues so I can harass them in person.
Further batches have been pre-prepped and shipped from site with some having left mauritania for Ireland
In general the new assay process seems to be working well, but as with last season the tricky bit is getting them out of Africa and while we have a far better grasp of that it is still very much an inexact science.
Drilling however has been progressing well, but will take longer than planned as the central core of 238 is bigger than we thought and so we have had to add an extra 2000m of RC in order to define the resource to JORC standard . The total of 7000m should be finished this weekend and diamond has just started.
We will of course inform the market of the assay results as soon as they come to hand.
Regards
Brad George
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