Hi all, here is a few other things to think/ponder upon. 1....

Hi all,
here is a few other things to think/ponder upon.
1. Assay return times: Nov-Dec 2017 - 2 weeks 5 days; Mar-May 2018 6-8 weeks; June-July 2018 6 weeks.
I presume we (GTE) are using the same assaying company. Reasons for length of time for return: time of year, in queue with other co's, complexity of sample analysis for assaying co. When returned to GTE, they review the findings, then plan their next course of (drilling action) in house, then they release the info via the ASX.

2. Leasing another RC drill, to operate on Chisel, whilst present RC drill is at Yandal West. Why such an action ? To accelerate drilling process and whether the tenements are actually commercially viable, in a reasonable timeframe. Remember ASX Apr 30 - was a decision point for the returned RC drill being repaired- does GTE use the repaired drill for Yandal or Chisel ? Yandal was chosen, as we (shareholders) were told on ASX June 19. One possible reason for this is that the $2m raised late last year was earmarked for Yandal. With rain delays (unfortunate) and RC drill breakdown (quite possibly preventable) Yandal's drill schedule, had been overdelayed - and had to be tackled first. Fingers crossed on the July results.

Now what about Chisel (Yandal South) ? Initial drilling plan 5 x 200m holes, 3 done. With the previous work done by Newexco and the results then examined by GTE geologists - this unexpected pause time - could/should be utilized to expand the drilling when the RC drill is again available ( August/ September) ?
Why not lease another RC drill in the meantime, from a drill leasing co.; or ask around other nearby mining co's doing other things and who own an RC drill rig but for their own reasons aren't using it, during the June- Sep period - and lease it from them. Or buy a second RC drill ! This is basic deskbound reasoning by me, in Perth. Other possibilities can no doubt be thought out by - gold fields area mining experienced GTE shareholders, let alone GTE's own highly experienced Perth staff, and on the ground Goldfields area knowledgeable staff .
So why not give this a go, rather then keep shareholders in suspended animation for three to six months more on Chisel ?

The role of any mining exploration company is to use their mining expertise and business acumen to find
commercial mineral deposits, in the shortest time frame possible, using risk return analyses, and the minimum capital outlays to reach that goal - then reward themselves and the shareholders with the fruits of their hard work - nothing more, nothing less.

Cheers

Bluequartz