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46 Posts.

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10/08/18

05:40

Post #: 34847442
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Originally posted by tange88 ↑

Just for everybody reference ....initial drilling results only takes 2 to 3 weeks and assays to follow...if this slow Mo team kick start the drilling ,
They should get some info in ABT a month..
Just wondering why they are dragging their feet when the it's ready to move their ass.
With good initial results , these guys get go to the market and get their funding ....

MEI;

MULLIGAN
• Drill rig has safely mobilised to the Mulligan Project - drilling to commence immediately
• Maiden cobalt drill program comprises 16 diamond core holes for 1,570m
• Drilling targeting seven prospective high chargeability IP anomalies and historic workings
• Previous results from area include:
o Grab sample assays grading up to 9.71% Co, 16.5 g/t Ag, 14.3 g/t AuM1
o Samples collected by the Ontario Department of Mines in 1952, yielded 12.6% cobalt, 1.03% nickel, 29.76 g/t gold and 39.69 g/t silver M1
o Samples collected by Conwest Exploration yielded 19% cobalt and 56.69 g/t gold M1
o Bulk sample of eight tons extracted from the area graded an average of 10% cobalt M1
Meteoric Resources NL (ASX: MEI; “Meteoric” or the “Company”), a Canadian cobalt focussed explorer announces that its maiden Mulligan Project drill program is commencing immediately with the diamond drilling equipment now safely mobilised to site. As recently announced (ASX Announcement 5th July 2018) Meteoric is to commence its maiden cobalt drilling program at its 100% owned Mulligan Project, Ontario Canada, consisting of an initial 16 holes for 1,570m of NQ diamond core drilling.
The focus of the drill program is to test seven highly chargeable IP modelled anomalies, identified by Meteoric through a recent ground-based IP survey across the Project.
The drilling program should take two to three weeks to execute with assay results to follow.
Meteoric Resources MD, Dr Andrew Tunks commented: “We are thrilled to be commencing our maiden drilling program at Mulligan, which is the culmination of an intense target generation program completed on the ground in Canada by the Meteoric team. The Mulligan project includes significant historical workings along with seven new geophysical targets and is an ideal place to complete our first drilling program. “With the drill rig now on site, we can truly commence advanced exploration and we look forward to following up the maiden Mulligan program with further drilling across our entire Canadian portfolio comprising 7 very exciting projects.”

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They might want to do a Directors participation credit raise first then announce they selected a contractor to do the drilling. Then 2 weeks later drill samples done and sent to lab. Then results come....kaboom!!!

VIC Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
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Drilling, page-4

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