Australia's largest stock trading and investment forum Australia's #1 stock forum

MRD

Click for more information

0.00%

0.1¢ mount ridley mines limited

Thanks Slamma, much appreciated, the laws of probability surely...

First 7 Last

Share
Profile

Follow
caledan

66 Posts.

2

26/04/17

16:55

Post #: 24278244
Share

Originally posted by slamma ↑

Caledan, the time frame for drillholes is entirely dependant on the lithologic stratigraphy (rock types). An efficient RC rig and good driller can punch out more than 200m in a day in ground that is relatively soft. Thinking of potential stratigraphy for these holes I would guess 2-4. However, as with all things, things do not always go as planned. Breakdowns, broken rods, bit changes or indurated bands (hard rock) can slow drilling down. Rule of thumb for exploration drilling is it takes whatever it takes. Given MRD's drilling history we can pray for a hole completed to intended depth that intersects the intended target. GLSH

Expand

Thanks Slamma, much appreciated, the laws of probability surely must come into play on this one, the amount of bad luck with the drilling so far we must be due for some good luck!! But in all seriousness 2-4 days all things going to plan then there will be analysis of the samples? or will they know fairly quickly after the drills have been dug and hopefully intersected correctly? Cheers again

MRD Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

There are more pages in this discussion • 16 more messages in this thread...

First 7 Last

Add MRD (ASX) to my watchlist

SPONSORED BY