Picking up all the time12 Jan 2011 14:39
18.5/18.75. All sorts of reasons to be involved here....
The Phase 1 drilling programme, which is currently underway and comprises an estimated 7,350m, will reduce the drill spacing over the key targets including Pequizeiro and Baião from the current 200m grids to 141m grids. It is designed to meet the requirements to support a NI 43-101 due in Q1 2011. To date, 30 holes have been completed for total of 888m. First assays will be available in the coming weeks.
To increase the overall rate of drilling a second drill company will be contracted to start early in 2011, with the aim of having six drill rigs active on the project to fast track the resource definition programme. Work has also commenced on the regional exploration programme to define additional drill targets that display potential to increase the overall project resource base. There are a number of high priority targets that have not yet had any diamond drilling work completed