4th April 2016 - Extract from Feysville Project announcement (over 6 months ago)
Feysville - The company is now focusing its efforts on bringing the deposit up to JORC Code compliant status. This work will involve: Infill drilling to a 30 metre by 20 metre spacing Diamond Core drilling to provide core samples for specific gravity determination and for twinning of RC drill holes to confirm mineralization continuity and grade Systematic QAQC, including coarse gold test work to improve the reliability of the gold assay data. In addition, the company is intending to recommence discussions with one or more of the five or so mills in the nearby vicinity capable of processing the ore, whether on a toll-treatment or other basis.
29th July 2016 - Extract from June 2016 quarterly
Feysville - Ground magnetic survey planned followed by AC / RAB drilling to be undertaken in September quarter.
Mandilla - RC and Diamond Drilling in September quarter.
Koongie Pk - Company awaiting final approvals to drill test gold targets in September quarter.
30th September 2016 - Extract from Annual Report
In the next month or so, the company expects to commence the drill testing of gold targets at each of our Feysville, Koongie Park and Mandilla projects.
31st October 2016 - Extract from September 2016 quarterly
Feysville - AC / RAB drilling to be undertaken in December quarter.
Mandilla - Drilling is expected to commence in the December quarter.
Koongie Pk - Exploration anticipated to proceed as soon as all approvals are received.
Gold been above AUS$1600 since February 2016
No further updates.
Whatever action there maybe appears to be behind closed doors and not on the ground.
Methinks no money, no action. Very much consistent with past decade or two.
Cash at 30/09/2016 112,000
Expected spend this quarter 70,000
Loan facility drawn 100,000
AGM 29th November 2016
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4th April 2016 - Extract from Feysville Project announcement...
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