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We have potentially had 6 to 8 weeks of production in Manica.... and a similar timescales for civil and tailings dam construction to be progressed.... I wouldn't mind an RNS before then with some information regarding that work....
HAMPSTER.... ANOTHER GREAT RNS BY COLIN...
The drill team have decided to take shares in lieu of payment.......
Just like director buying ...watch this space 7 days that will drop,
Can't help thinking the options at significant premium to current share price and the directors large buy was done so quick before some kind of significant news announcement
Do know, but now it is looking massooosive!
Drill 4 should be the first negative dip entry into the key 500-700m section from drill 1. So hitting at a greater depth than 3.
Key here will be an expansion of the inner alteration zone and larger intrusion.
Imo, as I indicated this morning, the geo s saw stock work originating from this large area.- Think a Ridgeway shaped system.
It could be why Colin brought as it could *****I use this very likely without high confidence - mean a system bigger than Ridgeway or northparkes.
I would imagine there is quite a buzz around the drill team? They probably could not get to H4 quick enough!
Hi Ella, I assume to see if the intersections met on the previous drills continue so confirmed by drill 4
Exciting journey, good board and good posts
Looking forward to every morning at the moment
Property investment and development got nothing on XTR
Come on Colin,,, show us the last 2 of your 4 aces ...
How big was it expected to be at first?
Just keep this comment in mind,
"The copper-bearing interval in this hole was considerably longer than anticipated, suggesting the possibility that the deposit may be significantly larger than first thought.
Hi Shorn,
From RNS for end of third home
" The drill rig will be moved to drill the fourth hole of the programme to test the deposit further to the west and down-plunge."
I don't think it can be in the original planned position of hole 4 as that wouldn't be to the west of the other holes but difficult to tell.
I agree mid-March looks like a reasonable estimate for the next RNS.
Its moving a matter of a few hundred meters...
https://www.rns-pdf.londonstockexchange.com/rns/8229M_2-2021-1-25.pdf
Was there any specific objective of drill 4 other than expanding the resource ?
Meaning any specific target: depth, east or west side, etc ?
Yeah could be ... The trajectory needs setting so lets say they start Friday they work double shifts and over the weekend
Best drill team ever.. praised by CB so...
Drilling west down plunge....so lets say 900m target 15 days from tomorrow 12th March ish
Assays same time.... Couple of weeks....
7p to buy we are £51 m market cap
If this goes where wthink it is multiples from here ...
Agreed - And I imagine we will get 2 RNS's for H4 - Notice once they hit mineralisation and hole completion
I second that. Why are we thinking the rig has still to be moved.
It can be moved in a matter of hours, not days.
I guarantee it is well underway
Imho they will already be in position and drilling into the weekend! They haven’t paused once yet!
Sounds good. I wonder should we expect hole 4 to be quite deep before we hit mineralisation and if so does that mean faster progress for the first part of the hole.
Yesterday CB confirmed Rig being moved into position for Drill 4.
So lets say they get it set up to start Monday morning which will give them time to dispatch the Core samples to the labs,
Work on average 60m a day down plunge 2 weeks 840m .... 16 days 950m ....???
Circa Monday the 15th March drill 4 completion.
Assays mid March for 1st hole...
So do we all agree 2 weeks Monday we should be in a position to cross ref grades with the size established from the first 4 drills.
MID MARCH