RE: Winu7 Jan 2020 06:26
You guys with this Winu chat may have answered a thought I had regarding what our soon to be ten rigs will be doing on site at HAV. Would they likely be split into two groups, one lot to do more in fill drilling to prove up areas close to known good grades, and the second to find the extent of the orebody. In terms of what we see from the satellite images over the course of January and February it may be deceptive, specially if either group stay at one location, even starting from existing holes, to drill in multiple directions. We won't see multiple new drill pads peppering the desert in this scenario yet the rigs will still be getting the drill numbers up to and beyond 100,000m.
I presume the drill pattern to date is either related to the normal approach in early days of proving up the extent of an orebody with lots of individual holes, and related to the 400m depth of the start of the good stuff, and partly due to ground conditions with no intentions of drilling through loose sand dunes or creek beds prone to flash flooding in the rainy season.
When looking at other projects on the 3D corebox site it struck me that a lot of those others seemed to have a distinctly similar drill pattern - a quite straight line of holes spaced at 30m, with each hole being used half a dozen times to drill in a fan pattern perpendicularly out to both sides and down to depth pretty much vertically below the surface. The overall look created a thing that resembled a millipede to my eye.
I'm musing that when the satellite images don't show a gazillion new drill sites within a fortnight or so that there may be a lot of selling by the inpatient holders (who may have been recent not so well researched buyers) with a corresponding SP drop matching our recent SP rise.
Even though we haven't even seen the NCM Dec 19 quarterly update yet I'm more curious now about their end March 20 news which should cover results of six to eight weeks of drilling with ten rigs when released in April...... which may also be the date I get access back to a chunk of my overall GGP holdings - still currently trapped by the SVS shutdown.