ALK 7.76% 62.5¢ alkane resources limited

Good post RabbitrapThe best part about this post:A surface...

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    Good post Rabbitrap


    The best part about this post:
    A surface drilling program to test the upper extents
    and continuation of one of the ore zones has also
    been underway. Comprising 21 holes (approx.
    5000m), the drill program is now nearing completion
    with the surface drill planned to commence work
    elsewhere on site.Great post rabbit trap.

    Alkane mentioned this back in the last quarterly that they where doing surface drilling under the Tomingley Gold Operations, we just didn't know how much and when. Now we know!

    30/01/2020

    Underground Mining Developmen

    Underground development has continued on schedule with both the main decline and vent portals progressing. Development to date is shown in the figure below. The mining team continues to achieve excellent productivity. Surface drilling is occurring to continue to test ore extensions of the existing underground.

    Things to watch out for:
    >25,000 m additional drilling along the 15km area between the plant and peak hill
    >3,200 m drilling at Boda
    >5,000 m drilling at surface at Tomingley to underground
    >Horizontal drilling from underground tunnel looking out for new shoots
    >New Jorc for underground operations under the plant
    >New Jorc for the 15km area between Peak Hill and the Plant (last one was above the highest target projected!)
    >Plus with the tunnel heading out 3km from the plant, they may just run into additional gold on the surface of the tunnel walls.
    >We all get free shares in Dubbo, plus it looks like that is heating up. Look at my first post on this thread. (I don't even know if that will affect the stock price, hence it may not go down)
    > Oh and gold just hit a all time high.


    This stock still trades under $500 million?

 
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