G'Day all.
Whats Odd about the Current Program ?
As previously reported, the drilling campaign will encompass approximately 2,000 metres of RC drilling
and 250 metres of diamond drilling and aims to test the prominent IP chargeability anomalies identified during
the June-July IP Survey.
Secondary aims are to verify grades reported from historic drilling and to obtain crucial geological (particularly structural)
information that will enable cost-effective definition of resources.
Six holes have been completed so far for 943 metres -EG so thats an average of 157mts per hole.
1057mts to go from the 2,000MT RC Program- with only two RC hole's left ? - two R.C.at 527 mts Each ?
Then only 250 mts of allocation for the two Diamond Holes -125 mts Each .
Something out of wack -hope we an update as promised as it would appear some clarification is also required.
Its also interesting TO GO BACK & REVIEW INTENDED PROGRAMS, as Current Program at Kroda 3 & 4 would not take 4 weeks !
Though-The Original Programming- stated IP Survey for Tulsa to be completed in May ?-Followed by D.D.& RC-Drilling Programs.
Note :Exploration Plan RE-Tulsa-Tulsa is a very exciting yet untested prospect marked bythe coincidence of the following features:
• 5.Km by 3.0 km geochemical footprint (as defined byThunderbird Metals)
• Zone of demagnetisation
• Gravity lineament and strong gravity gradient
• EM lineament
• Pronounced right-hand bendin the ‘Kroda Shear’
Planned IP survey to aid drill targeting and planning.
IP results will be followed-upwith maiden RC and DD drill program
Exploration Plan.
IP Surveys (April-May 2018)
Kroda-3 and Tulsa
•Fully permitted
•To commence post-capital raising (refer to Gladiator Resources Ltd ASX release dated 20 Feb 2018)
•To aid in drill targeting and deliver new targets.
Maiden Drilling Programs.
•Kroda-3: Verification, infill and extensional drilling
•Tulsa: Drilling for a new discovery.
Comprehensive Project Review (From April 2018)
To commence immediately post-fund raising.
•To inform generative and target ranking activities and tenement rationalisation study.
Generative (From April 2018)
•To commence immediately post-fund raising
•To deliver new targets and target pipeline .
Ongoing Discovery, Generative; Early stage Resources and Development Studies.
• 2nd round of drilling at Kroda-3 aimed at demonstrating grade and size potential.
•Potential ongoing Tulsa drilling if early drilling generates new discovery or demonstrates potential for one
•Activities designed to advance multiple prospects to drill ready status and fast-track discovery
•Early resource and development studies.
Investment Highlights.
Potential to unlock a major new gold belt covered by consolidated tenure package L
Leveraged to exploration success
Short term: Kroda-3 drilling – potential for high-grade intercepts and expanding the prospect
Tulsa drilling – potential for a major new discovery.
Medium term: Advance multiple prospects to drill ready status – potential for new discoveries.
Longer term: Resource definition drilling at Kroda-3 – JORC (2012)-compliant resource .
Ongoing geophysical screening and testing of targets and prospects.
Definition of new targets – potential for new discoveries
Early stage metallurgical, development and concept studies.
Discovery-oriented exploration program
Strong news flow expected
World-class technical team & experienced board.
Note weather Forecast is -FINE !-See another week out forecast for the BOM
Program Commenced Late-Due to set backs-Weather window SHOULD ALLOW for some serious catch up to occur.
Barrow Creek
Close PrecisForecast updated at 5:21 pm CST on Monday 10 December 2018.
Detailed Barrow Creek Forecast
glth-salt
Mon.10 Dec Tue.11 Dec Wed.12 Dec Thu.13 Dec Fri.14 Dec Sat.15 Dec Sun.16 Dec 1 Summary Clear.
Sunny.
Mostly sunny.
Possible shower or storm.
2 Max. Temperature 42 °C 42 °C 38 °C 34 °C 34 °C 37 °C 3 Min. Temperature 25 °C 26 °C 27 °C 21 °C 17 °C 18 °C
