"Syndicated Metals Limited (ASX:SMD) (?Syndicated?) is pleased to announce the commencement of its 2011 drilling program comprising approximately 10,000 metres of RC and diamond core drilling at the Mount Remarkable copper-gold project, located around 50 kilometres northeast of Mount Isa in Northwest Queensland (Figure 1). The first holes in the program will be drilled at Green Zone within the Leichhardt Joint Venture where approximately 1000 metres is planned (Figure 2). The rig will then move to Barbara and then on to Blue Star. It is anticipated that results will enable initial mineral resources for both Blue Star and Green Zone to be estimated."
O.K. people with expertise what are your thoughts on when we should receive results of the first 1000 metres of drilling.Would you think from commencement around 9th March and lab results being available in say 4/6 weeks then announcement around 29/4 - 6/5 ?
SMD Price at posting:
19.4¢ Sentiment: LT Buy Disclosure: Held
