kalkaroo assay results next week

If I have done my maths correctly, we should receive the assay results from the diamond drilling at KKDD406 (lower part of the hole) during the next week.

It will still be a week or two before we receive assay results from diamond drilling at KKDD411 and KKDD412. These were both drilled at the West Kalkaroo end (so I will be expecting higher grades, on average, from these two drill holes).

IMHO, there is still potentially up to 1Mt-3Mt Cu, based on the Conceptual Target at Kalkaroo.

MY ADDITIONAL QUESTIONS ON DRILLING AT KALKAROO CONCEPTUAL TARGET (that I hope will still be answered over time by Uncle Bob and Chris):

A. In the new areas drilled, does the orebody show gold and native copper in its upper part?

B. In the new areas drilled, is there a “gold cap” orebody that sits on top like the main Kalkaroo copper-gold orebody?

C. KKDD406 was targeting a prominent vertical fault zone, expected at around 300m depth. However, no major fault zone was intersected. What (if anything) went wrong?

D. Following completion of KKDD406, the next planned deep diamond drill hole was to have been KKDD405 (per 7 May 2012 ASX release) , which would have tested the Kalkaroo Prospective Sequence a further 500m towards the northwest. Will KKDD405 still be drilled? In the ASX release dated 12 June 2012, KKDD405 is only listed as a RC well, so only pre-collared, no diamond drilling at that date. Why the delay?

Cheers