Ann: Half Year Accounts, page-2

Well we know
1) they have finished drilling at NAD002
and
2) they are about to start at drilling at Wandean

On page 2 it says;

"The first two areas to be considered will be Nagambie Mine West, where two deep (1,000m plus) diamond drill holes (NND001 and NND002) have been completed, and
Wandean, where the first deep diamond hole (WTD001) is about to commence."

That should mean
1) that Assays should take about 3 weeks for NND002 - first week in April (approx)
2) that DTH-IPs are about to be done at NND002
3) that we will get some readings for Wandean sometime in the next 3 months.

Wandean excites me. We know it has serious Gold in the Oxide Zone (up to 21g/T)
(You only need 0.6gm/T to break even at surface in Open Pit)
Have a look at the data below from NAGs Announcement 20 Jan 2014 re Wandean Results.

The Assay Results in the Oxidised Zone are a good indication of Gold below
But as you get closer to the source (and the Thrust) it usually increases!
Sometimes it increases dramatical eg at Fosterville
But even moderately with say Average grades of 5-10gm/s means JACKPOT for NAGs





PS: Yep "3 months" - 1,100 m takes a while: 20m/day is good going esp at 1,000m