1200m RC about to get underway at Yandal West to complete Phase 2 - what are holders hoping to see that will hold the market’s attention for Phase 3 ?(compared with the sell off we just witnessed on what I saw as further evidence backing up the company’s views they are in the right place without quite finding an economic gold mining operation under the first few rocks they looked under.)
“Phase 3” as far as I read appears to be more of the same, is that right?
“The Company is currently planning Phase 3 drilling which will mostly continue the reconnaissance spaced drilling (wide spaced drill lines) that has been completed to date. The Company will continue to focus on delineating the strike potential of the mineralised structures intersected to date by stepping out further along strike rather than start infilling to a more standard drill spacing. Further testing of structural targets off strike will also be considered.”
- if so, if it turns out that economic gold system is there waiting for GTE to happen upon it, what further steps will be required? 1 or 2 diamond drills at identified sweet spots to prove it up, declare a JORC, what else? Then what? Are we miners or explorers? Is best plan to sell it whole to a miner, or hang onto it in a JV? Thoughts on timeframes - can GTE get to this point this year?
Chisel and then Finlayson (Now 100% GTE ) a step or two behind of course, but yes, just as much potential to discover a resource.
) a step or two behind of course, but yes, just as much potential to discover a resource.
