Field work continued in the three Permits held jointly with BHP Billiton Worsley Alumina Pty Ltd and operated by Green Rock. This work included temperature measurements in existing drill holes, a gravity survey and soil gas survey over all three Permits. Analysis of the data is underway and, based on these results, follow up shallow drilling and geochemical surveys are planned to be completed by the end of the first quarter of 2011.
Also Olympic Dam geothermals as well::
Activity in South Australia continues to be carried out at a level sufficient to maintain our permits in good standing. At the Olympic Dam Geothermal Project a new GEL 557 occupying 249 km2 and adjacent to GEL128 and GEL206 was granted to the Company. As previously reported there is unlikely to be any significant progress at our Olympic Dam Licence areas until the results of other geothermal companies? drilling activities in South Australia are announced over the next several months. The Company undertook a survey to measure temperatures in drill holes in the GELs held by Green Rock bordering the eastern boundary of the Upper Spencer Gulf. Results are being evaluated.
GRK Price at posting:
2.1¢ Sentiment: LT Buy Disclosure: Held