RE: Towards JORC16 Oct 2018 12:05
Ref: Finding Motherlode-Interview with Gervaise Heddle by ii*s Lee Wild. The date of this article is PRE-drilling of Stage 2 ie the 10 holes, starting from Hole 5. Phase 1 drilling done: Hole 1-4.
When the 24 holes are mentioned as per the article [link is within this thread], I took it to mean that was the TOTAL needed which is what was advised by Solgold*s Dr Bruce Rohlach.
So, when the 14 holes are completed [Hole 1-4, Hole 5-15], I expect GGP to consult with their geological team to review the results. Then, they may plan the next 9 holes according to the modelling. I would think they may go down to 1,500 metres [per Telfer depths] as indicated by the article.
That is my take on it given it is to obtain a BASELINE of the discovery which may indicate a LARGE FIND or MAJOR FIND [ref: Finding Motherlode as above article]
So, we await to see how it pans out.
CLIVE LATCHAM
I do not think that Mr Latcham is just any Rio Ex-Executive. Many of the junior explorers have ex-Rio [BCN-early days, ex-Rio Geo from South America from recall].
Mr Latcham MANAGES Rio*s Investments and in the attempted takeover of Rio by BHP, Mr Latcham did the defence strategy. He also does asset disposals and JV*s.
I have not heard of any other Rio Ex-COPPER CHIEF.
For a small junior co like GGP, the co is not yet at the stage of hiring, say Maxit Capital Investment Bankers, listing on TSE & Germany etc. Why? GGP would need to drill a minimum of 24 total holes to give a good overview. That was what happened at Solgold ie Hole 14/15 with Maxit involvement and at Hole 17, BHP.
GGP finances is NOT able to hire a Dr Steve Garwin, a leading authority of porphyries [GGP*s discovery is not a porphyry type] with a BSc from Stanford, PhD [with honours] and ex-Newmont. Then they would need to hire a Investment Banker with PROVEN experience in strategies for takeover negotiations, JV, Asset Disposal + Specialist Funding.
So, Mr Latcham appears to be the above all rolled into 1 to take this co into the next stage of DEVELOPMENT. So, VERY COST EFFECTIVE.
Haverion is in a Tier 1 jurisdiction and Mr Latcham being based in Australia is nuanced in the key issues indicated in the said RNS of 15 Oct 2018.
GERVAISE HEDDLE: CEO, Greatland Gold
"The Board looks forward to working with him and LEVERAGING his SENIOR RELATIONSHIPS across the INDUSTRY to ACCELERATE DEVELOPMENT across ALL AREAS of the business during this EXCITING & T R A N S F O R M A T I O N A L period for the co." - GGP RNS, 1 Oct 2018 re:Appointment of Clive Latcham.
QUESTION TO BE ASKED:
Are there any Ex-Rio executives, say ex-geologist who can LEVERAGE HIS SENIOR RELATIONSHIPS across the industry? By Senior, it would appear to be at the Top Echelons of Industry eg Chairman, CEO, Investment bankers etc.
CLIVE LATCHAM:
2) Other than the above ie Leverage his Senior Relationships across Industry, Mr Latcham has also been brought into Greatland Gold to "ADVISE THE BOARD DURING AN