NML 0.00% 10.5¢ navarre minerals limited

Ann: Quarterly Activities Report, page-2

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  1. 4,285 Posts.
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    This is the good news; 

    According to the anns. the logging and assaying of the outstanding Tandarra diamond hole (DDT018) which was drilled in June 2018, is completed and is coming soon.

    I am very excited about the results. If it's good, only Tandarra share of NML would be enough to be a serous company maker. If it's not good, NML and CYL move on to the next step as there is enough gold in the shallows to start an open pit mine in Tandarra. 

    From anns. on Jan.31 2018 Quarterly activities Report

    "Exploration Activity completed in the quarter (Tandarra Project)

    While the terms of a Joint Venture Agreement were being finalised, Navarre committed to a program of works with project manager, Catalyst, to advance Tandarra in preparation for drilling in early 2019. The program included:
    1. completion of logging and assaying of the remaining outstanding Tandarra diamond hole (DDT018), drilled in June 2018
    2. bulk cyanide leach re-assaying of several mineralised intervals selected from previous drill holes to confirm originally reported gold values and to check for nuggety gold;
    3. application of this data to interpretation and modelling of the Tandarra gold zones; and 
    4. design of drill programs in preparation for the resumption of drilling in early 2019 following completion of crop harvest. 

    Subsequent to the quarter, Catalyst advised the assay results for diamond drill hole DDT018 are likely to be received in early February. The bulk cyanide leach re-assays of point 2, above, have been received and show positive correlations with the initial assay values."
 
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Mkt cap ! $28.55M
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10.5¢ 10.5¢ 9.8¢ $104.6K 1.040M

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