Spent some time going back over previous timelines so as to get some realistic idea of when we will start to see the results come through
Previous drilling
-Commenced 7 December
-Drilled 5 holes by 17th December for 806 metres. So 12 days at 70 metres [er day
- Drilling then stopped due early monsoon
-15th January called a TH, assays released on 18 Jan. So it took the local lab more or less a month to assay 5 holes
Current drilling
- Commenced 20 April, planning total 2000 metres
- First hole to 200 metres as a twin hole to previous Hole Number 4. So lets say that hole took 3 days, allow 3 days to prepare and get samples to lab, so lets say at lab 27th April. Maybe a couple of weeks to get the assay, so chances are they got the assays around mid-May
- Remaining holes ( 1800 metres) at 70 metres per day give or take means about 4 weeks. So that means should have completed the holes around last week of May, all going well with no hiccups
- Assuming lab samples are being sent progressively then at least 3 or 4 more holes may have been assayed by now, but I doubt all the holes have been assayed as yet
What does it all mean. Basically, some news with initial assays could be released any time now. The first hole twins that spectacular one previously, so that should be interesting
I note we seem to be gaining some share volume interest with spikes upto 14.5c Buying is sporadic, info is clearly tightly held. DEcent wall at 15c. If that gets breached by a big chomper its game on I would say
TRL Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
