For anyone interested in our progress in terms of drilling and assays, we seem to be progressing at an equivalent rate or slightly faster given the number of rigs we have versus GL1.
Since mid June they've had 6 drill/assay ANNs - we have had 5. However, we typically report 3-4 holes per ANN whereas they average closer to 2.
They have 5 rigs drilling across 2 separate deposits whereas we have 4 rigs (although we only got the 4th in late July).
The difference in SP action is likely a factor of the stage of drilling we are up to. GL1 are proving out extensions to their existing JORCs whereas we had our sugar hits with some drill hits a few months ago. Our current drilling is moreso a necessary evil to get the JORC - but not showing the market we have anything new.
Fully expect this equation to tip back in our direction towards the back end of this year as we have a JORC to report and the potential for drill holes in new locations.
LRS General Discussion, page-8072
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