AQI 3.03% 3.2¢ alicanto minerals limited

"Following success in diamond drilling supporting targeting...

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  1. 118 Posts.
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    "Following success in diamond drilling supporting targeting concepts, continued reconnaissance drilling by RC method has commenced and will progress in conjunction with ongoing mapping and geochemical sampling of the Purple Heart, and Pepperpot target areas into the December Quarter. Continued drilling will be focused on closing drill spacing on the identified structures (refer to ASX release dated 4 October) as well as extending along strike. This work will progress assessing further un-drilled geochemical and geophysical anomalism for target identification, and will further advance target definition in the Purple Heart and Pepperpot areas, including conceptual structural tests to improve understanding of shoot controls with the objective of prioritising targets for proposed follow-up drilling in 2017. Additional exploration activity, in addition to the on-going geochemical sampling at the Perseverance Prospect, includes trenching, geological mapping and auger sampling to be initiated on the Xenopsaris, Eyelash and 14-Mile Target areas. The Company will shortly commence a 1500m trenching program targeting the major mineralized structure within Xenopsaris area (refer to Figure 6). This work is designed to finalize targets for an RC drill program planned for early 2017, but remains subject to completion of an ongoing budgeting process and confirmation of the 2 nd contract year expenditure by Barrick in accordance with the Earn-in Agreement announced to the ASX on 1 March 2016."

    From the quarterly, so news maybe of the reconnaissance drilling next quarter, and then targeted drilling the following quarter... I am hoping they are giving themselves a big time frame so that we dont have high expectations of rapid news flow (and dont get nervous waiting)... sure is a looooong story though, hope its worth the wait for all of us.

    EDIT: Just saw Toom had posted a thread outlining this already so sorry for doubling up Toom
    Last edited by Micklin: 07/12/16
 
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