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Reminder Hole 1 intersected brine at 802mg/l between 205m to 397m with EOH at 401m. Assumption can be made they hit basement at ~400m.
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Hole 2 assumption is the basement is ~750m which is a considerable amount deeper, and as we all know brine is dense and sinks. Therefore being at 465m depth and not hitting brine horizon is plausible. Based on the estimated basement depth and say similar thickness of hole1 ~200m then brine horizon wont be hit to about 550m down hole.
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We just need to be patient. I think the main issue was all the trading halt and v suspension made people think amazing results and assays for hole 2 were in.. I am sure we are close to getting another announcement.
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Ann: Drilling Update, page-157
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