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NORTHQUEST LTD. V.NQ

"Northquest Ltd is engaged in the exploration of gold and other metals."


TSXV:NQ - Post by User

Post by aweighon Oct 22, 2012 1:06pm
247 Views
Post# 20510441

Ive gone over the drill logs and press

Ive gone over the drill logs and press

releases to try to figure out how long it took to drill each hole and how long to assay. 

Hole 9 ) 6 days to drill and 27 days to assay.

Hole 10 ) 7 days to drill

Hole 11) 4 days to drill 

Hole 12 ) 4 days to drill 

Holes 10 - 12 were assayed and data released ( in a batch ) 29 days after hole 12 was finished so I'm using 28 days to estimate how long it should take to get assays for holes 13 - 17 .

Looking at the placement of hole 13 I'm guessing it was a dud before they even started so I'm only giving it 4 days of drilling and the same for hole 14, I'm not banking on either one to be worth anything and if they were any good we would have heard about them by now. 

Holes 15 - 17 are the meaningful holes in my view and I'm guesstimating that holes 15 and 16 should have been assayed by now but my figuring also suggests that hole 17 probably wasn't started until Sept 18 or later which means that the assay for it shouldn't arrive until Oct 22 ( today ) and so I understand why they would wait for a few more days to realease  assays as a batch if hole 17 is that close.   

Of course I'm probably completely wrong but at least the excersise has helped me get a handle on how long each hole has taken to drill and assay on a historical basis so I'm not  concerned if it takes a few more days yet.

 

 

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