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clock Created with Sketch. 26/06/18
06:05
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Originally posted by cobalt play
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What we know:Announcement of April 30 -RC Drill program beginsAnnouncemtnt of May 29- 32 holes drilled with assays from first 15...so drilling one hole/day and first 15 hole assay results took 2 weeks to receive...other 17 holes drilled were sent in for assay results which one would expect in another 2 weeks time, or by June 15 give or take...We are now about one week beyond that so these drill assays should be this week (hopefully)...And by now they should have completed about 50+ holes...First 15 hole drill assay results -In looking at the first 15 DH assays and comparing to DH location map, I see holes 1, 2, 3, 4 and 6, 7, 8 and 14 all have the best cobalt grades....And those holes are on the NW end of the DH lines, toward the Swamp which at the moment is under water...And there is still 250m more in that direction until interpreted contact...So if higher grade continues into the Swamp, as it appears might be the case, resource size estimate (~40Mt @0.10 cobalt) by a few of the more knowledgeable posters here could increase quite a bit with another 250m of width to the NW...And our managing director has stated: It should be noted that much of the north‐western limit of the Northern Target will initially remain open as presently the area remains covered with surface water. Landowners have indicated that these areas usually dry up by late June–early July and, in light of this, the Company will plan to drill these areas as soon as access allows –which could add considerable width to the already impressive +500m wide mineralised sections.
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Drilling results please I’m starting to lose the plot,I have been in a few Companys over the last year or so which have held of on news flow and drilling results which have all ended badly for me CAd Pnn lke just a few,that’s why I came over to ctm because thay seemed to be doing things the right way. Cheers
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