Trade Halt, page-36

Hi all (long termers and newbies like me),
its interesting to read about the past of GTE 2011 2014, then a pause of sorts 2015 - 2016,
that needs to be talked about at some stage, maybe !!!!
But we are in December 2017 now and so lets talk about that.
Below is a review of recent GTE ASX posts:

August 18 - $2.5m raised via 230m 1.1c shares for: Yandal West Gold area (Ives Harris and May Queen); to advance Yerrida (implied Yerrida South as North is a JV with Sandfire) so Chisel mainly; and Fairbairn.  Note - not much done at Fairbairn ALL of 2017, in the ASX posts at least. It was part of our 2016 Vanguard inheritance, so Ian Kerr, now Field Manager, should know a lot about that area.

SEP 30 - 3Q Activities and Cashflow Reports, issued OCT 31st.
CASH AT BANK  SEP 30 -  $1.799m, probably the highest this company has seen in 2 or more years. So now we can fund some drilling, instead of just surveying the leases we own or looking at their historical records and pondering, as was the case in 2016, except the Vanguard temements, where they actually drilled in 2016.

ACTIONS  last quarter of 2017
MAY  QUEEN  area
OCT 31st  ASX -  May Queen, a 3000m RC drill program commenced in October, 11 priority RC drill targets identified.
NOV 9 May Queen RC drilling halfway through, 22 holes and 2097m.  Drilling paused assays to come early December
NOV  28  Assay results of drilling in - significant widths of gold mineralization intersected (share price bounces up on this).
DEC  4  Management, I infer,  reflects on these results, and obviously requires more money, to more rapidly learn more about this area.  $2m raised via 100m 2.0c shares to institutional investors, solely allocated to Yandal West Gold Project.  An EXPANDED  second drilling program comes out of this, begining later on THIS  WEEK and (I infer) next week too.   Assay results - in FIVE WEEKS TIME  - mid January.


YERRIDA  SOUTH  CHISEL  area
OCT  31st  finalized planning for a detailed 100m x 50m Gravity Survey, commenced Oct 28th. After that 3D modeling of results, then high impact drilling program.
NOV 15 100m x 50m Gravity Survey completed, inferred by me 3D modeling by Newexco begins.

WHAT  NEXT  ? I infer  -Results of 3D assessments should be in by next week.

SUMMARY
With nearly $3.8m in the bank GTE management, CAN  NOW  put all of their past nearly 2 years of planning, buying of new tenements INTO PRACTICE, by drilling (which costs bucks).  We have the bucks,
so I expect ACTION like all of you current shareholders.

Let's see what happens.

Bluequartz


PS  I just got a return call from GTE management, this morning, whilst writing this post. They have a Board Meeting sometime next week.  I have politely asked/suggested to them to update us on ALL their projects before Christmas.  They said they are very busy and optimistic.  See what  happens  !