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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
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.
Imho they will already be in position and drilling into the weekend! They haven’t paused once yet!
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
Agreed - And I imagine we will get 2 RNS's for H4 - Notice once they hit mineralisation and hole completion
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 ...
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 ?
I agree mid-March looks like a reasonable estimate for the next RNS.
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.
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.
How big was it expected to be at first?
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 ...
I would imagine there is quite a buzz around the drill team? They probably could not get to H4 quick enough!
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.
Do know, but now it is looking massooosive!
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
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,
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....
I wonder will Iceberg grace us with another super dooper hi tech image depicting the story so far...
Bitcoinbuyer; maybe! And might be worth more than bitcoin, though probably stretching it a tad. :-)
O + W
"Even though Mr Bird can't obviously be privy to any data from the impending assays, he or his geologist will have had sight of the first cores, know the stack's metrics, and can figure out if the resource is commercial or not, given his life-long experience. His buy today speaks volumes, coming after the employee option awards yesterday."
Totally agree.
Bitcoin is the future with blockchain
But gold , copper , nickel, since ... Rare earths are safer and more comfortable to hold..
Imagine popping into your bank for £500k to finish a project ... I have bitcoin security ... On your bike son...
Good luck to you if you have a few, not invested myself, but bitcoin has certainly increased.:-)
Morning ST Tropez... Multiples from here ..
Good news flow ...
Bod incentives..
Director buys
Regular drill updates
Assays due drip fed on all holes
Copper flying
Gold expected
African assets starting a steady ans substantial income stream
Good press and getting noticed for all the right reasons
Bod are deal makers with connections..
Majors and tier 1 finds next door
Majors interest
Other targets
Wait until Colin starts telling you about his Foot Rot ....:)
I could keep going but Coffee calls
All the best here
So much
I'd better book the round the world cruise then!