re the deep hole. I read where the Qld Govt is providing $150,000 towards the deep hole. The cost to drill this deep is going to be in the vicinity of $1.5M. CTO was among many companies that received grants to assist funding some exploration work as the govt are looking to revitalise mining exploration in Qld.
The results from the hole will be interesting and we can't expect anything for another approx 4-5 months at least. It is going to get very hard technically the deeper they go.
imaginary gold: resources and reserves, page-3
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