Even a short note saying drilling has commenced would be...

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JKahn

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06/04/18

16:24

Post #: 32278540
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Originally posted by getready ↑

This is a cut and paste from an article at the end of March (Southern are getting good at cut and paste announcements also).

Hopefully we will have some news flow of our 'own' over the next 2-3 months (where we have been doing some leg work and not outsourcing/relying on the BMV JV)

SM: We are drilling at three sites over the next six to eight weeks. We are looking at our first drill programme at the Cowarna project at a prospect called Pryde. This is a target that has been begging to be drilled for years and we have finally got all the regulatory approvals in place - which wasn't easy, I have to add! We are targeting Banded Iron Formation-hosted gold, not unlike what Silver Lake [Resources (AU:SLR)] are mining a few kilometres away.

The other drill targets are at Monument South and Transfind Extended. At Monument South, we have good results from our geochemistry and hyperspectral projects, both conducted with the CSIRO. The Monument prospect is a stone's throw away from the Cannon mine, so we are hopeful of finding a satellite or extension deposit along the same Cannon shear to the southwest.

At Transfind Extended, there is a lot of visible gold in near-surface samples and the prospectors have been active here. We don't expect this to be a big deposit but it is quite possible that we have a high quality one with exceptional grade, not unlike the Transfind deposit itself which was an openpit approaching 5g/t Au.

So 3 WA drilling sites to 'expect' news on. Although, with lack of news from Doughnut Jimmy (despite many references from SM on an upcoming JORC....he was spruiking as early as Jan) we can't really rely on quoted timeframes at present.

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Even a short note saying drilling has commenced would be useful...

SAU Price at posting: 25.0¢ Sentiment: Hold Disclosure: Held
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Even a short note saying drilling has commenced would be...

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