Week 9-13 May

So by my reckoning, the drill should have been turning for about 10 days now:

• Announcement 27/4 that maiden drill program was to commence
• Confirmation via email on 1/5 that drilling has commenced

Three high priority targets are being drilled, with roughly 1500m of drilling planned. The top of target depths for the three priority targets are between 75-100m from surface.

The announcement mentioned that the program would include diamond core, so one might assume RC drilling to top of target depth, followed by DD through target to final depth. RC drilling can churn through around 200m per day, where DD is around 50m per day.

We don't know the drill orientation or the number of holes planned per target, so it's hard to estimate how much progress has been made, however the 27/4 announcement did indicate that the program would take "a few weeks". To me, that is anywhere from 3 weeks or more.

On the basis of all of this, I wouldn't be surprised if a number of holes have already been completed but we still may not get news this week. I haven't been monitoring the weather in the Kimberley region either so the 10 days elapsed might not actually have been suitable for drilling.

In the absence of any news this week I wouldn't expect to see much price action. Next week might see a bit of interest in the lead up to news.

DYOR and GLTA.