AXT 0.00% 1.4¢ argo exploration limited

They must be due to release results of holes IHAD6 and 7...all...

  1. 522 Posts.
    They must be due to release results of holes IHAD6 and 7...all we had at the last Ann. was that IHAD6 had similar rock structures...

    Those assays are important when received, for us all to get a handle on just what they have.

    So far in the Tapley Hill formation they have gone from 1.33m to 5.76m. The next round of drilling at 7-9 is underway. Given the time taken so far, we won't see any assay results till Sept 08!

    The previous holes 6 and 7 ended in mineralisation and replicate a lot of the structures seen at other hum ungous sites, Lubin in Poland and Olympic Dam...from what I can deduce.

    We are seeing slow deliberate drilling here. My feeling is we are years away from knowing anything really useful in terms of size etc. What would the strategy be? Develop the Tapley Hill formation first, then drive a shaft 400m below that to the next mineralisation, which relicates a lot of the L Dam format? Nothing down ther so far has been seen to be dramatic...

    Any comments from Geo's or those in the know?
 
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