12/10/18.
Mr Murphy said.
“Once all assays are received we will be able to target the prospective rocks that host the
higher tenor nickel and look for the base of these intrusions where massive sulphide typically
accumulates.”
"The DHEM survey at the Eastern Mafic has also been completed
with conductor plate modelling underway.
On receipt of final assays and DHEM conductor plates, Great Boulder will complete a revised geological model with the aim of identifying the lithological and structural units that host the
most prospective nickel sulphide mineralisation.
Based on the strong structural control of mineralisation along the feeder zone and variations
in the nickel tenor across different lithologies, Great Boulder will also assess the southern
extension of the feeder zone and possible parallel structures to the east, closer to the terrane
bounding Yamarna shear zone."
Remaining assays are due between 2 - 9 Nov.
I don't see any reason why they wouldn't begin the 3rd round of drilling, as soon as they finalize the new targets. Sometime late November, using the last turn around time between rounds 1 and 2 as a guide. I suspect a date for the commencement of the 3rd round will be confirmed with the release of the remaining assay results.
Also this from the recent Proactive Investor interview with Stefan Murphy 16/10/18.
Check at 3min regarding Mt Venn.
" Moving towards resource estimations and drill outs their fairly soon."
" Take it to our maiden JORC resource."
I think there is plenty happening before May.
GBR Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
