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lotsa_grit

96 Posts.

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07/09/21

09:57

Post #: 55881974
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Originally posted by aubin: ↑

Lotsagrit
I share your sentiments about the both the Aussie and Peruvian prospects (except “expect” is too strong a word for me).
On p12 of the Jun Quarterly (ICG 19.7.21), “Central: Drill permitting” is listed as an activity at Riqueza this current quarter.
It appears the plan is to apply for two separate category 2 DIA permits – one covering the proposed “Central” drilling program (ICG 31.8.20) and the other covering “Southern Part of Riqueza” (21.9.20). Separate permits are required because of a limit on drilling platform numbers (ICG 18.11.20). Here’s a summary of the proposed programs:

(1) recommended by Resource Potentials
(2) added by ICG

The plan foresaw this second phase of drilling following straight on from the current phase at NE Riqueza, however Ross Brown made it quite clear in a 25.3.21 interview that the second phase would go ahead only if the current NE Riqueza phase was successful - a relative term and Ross did not expand on it.
(https://open.spotify.com/episode/5rFM4UXx1s6q5PI2kydO4p?si=010f57f4eb8e4c2eas provided by Kalenn, starting at 8:21 minutes).
The current 6070m program should be completed in the 2nd half of Jan 22 (based on an ongoing 30m/day drill rate), with final assays a month or so later. A DIA permit for “Central” would cover the same ground as the Humaspunco/Uchpanga drilling of 2017 and that should facilitate a faster process, but with the recent history of permit delays, it’s anyone’s guess whether, if required, a permit would be granted in time to allow seamless follow on.
There is a lot hanging on the NE Riqueza drilling.

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thanks Aubin,

I must admit I missed both of these points, the interview is understandable (to miss) but I should have picked up the reference in the quarterly.

interesting the comments Ross made regarding the dependency for the broader drill program on early success in the current drill program.

the success of this immediate program just became more critical in my mind. Fingers crossed - just follow the vectoring insights we have obtained from the first 3 holes and hit the motherboard!!!!

GLTAH

LG

ICG Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

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