hi swans10 this was posted from sarat, might help you.Drillwise...

hi swans10 this was posted from sarat, might help you.


Drillwise operate Diamond Core Rigs,much slower
than Reverse Circulation Drilling.

But must be what is needed at Mt Barrett.They will need to drill slowly to extend the life of the drill bits and rods
which are very expensive.

In optimum conditions drilling can advance at 10m per hour but with hard ground the rate is much slower.The geologist on site should not expect to average more than 5m of core logging per hour.

So if they can do say 40m per day the 450m would take around 12 days to drill one hole.If just one rig on-site that will need another 12 days.Two rigs would be better,but less expensive with one.So thats the initial exploration drilling programme.Then if the assay,s are really good then definition drilling may be needed.

So several weeks are going to be required to see the results come through.Will take time for the Geo's to do their work.During the drilling phase I expect DMN will be volatile and heavily traded on certain days.

All The Best To Traders and Investors.