Took a lot of time getting these released. Why so long from drilling to market?
Tandarra is good but just 39 RC holes this season (we now again wait for summer and the "after crops are harvested"). What this project needs is a drillout at the scale of the JV deal Catalyst did- you know $2-3M, deep & shallow drilling and go hard for that inagural Gold Resource.
Didnt Catalyst buy into the JV with a $3M pledge for 51%, well I figure 39 RC holes is less than $400k and that maybe CYL have spent $1M to $1.5M in the +3 years since doing the JV (incl overheads with salaries etc -prob >60% of costs claimed). If CYL are still 'earning' the 51% then the $3M is not spent and they have little tenement or JV time to spend the rest. Mind you that's not as important as drilling enough to know the greater Project potential.
Great gold results, great project, which could be a large open pit gold mine one day. But not enough money or drilling going in each field season.
Tandarra results - about time
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