DrillingOn November 15, Marathon reported that they had drilled 91 holes for a total of 43250m of the 60,000 m planned. They also stated they had released data on 63 of these holes which involved 29,000 m. On Nov 20, they released assays on 10 holes that I estimate involves 5000m. This leaves 18 holes totalling 9000m that are not reported. Don't know why this is the case. They may be waiting on assays or they may not have intersected any mineralization. I don't think that is the case when Walford keeps saying they have the geology figured out and boasts about the high hit rates. I'm not suggesting they are deliberately not releasing the data on these holes but they should let us know.
Also, continuing with the math, we only have 17,000 m left to drill in this program which is about 34 holes so they will need money for sure. The winter drill program needs frost without snow for a few weeks an right now the weather here in Central NL is cooperating perfectly. Should make for an early start in the new year unless the weather changes.
This was a post I made a month ago. By my calculations there is 18 holes drilled last year and not reported. There are 17,000m left to drill in the program. However they have announced that 15000 will be drilled, so looks to me like no additional money has been allocated for drilling.
in one of the interviews this week with Walford, he states that there has been no drilling on the bog because conditions are not yet favourable. So, the two drills operating are drilling Marathon. It is not likely these assays will have any impact as it will probably just move ounces from one category to another. We need more ounces.
We are actually faring very well compared to NVO, GTT and Even OSK. I am invested in OSK whose grades are addictive but it doesn't seem to matter how rich, the share price is not moving much. It is a frustrating time with gold exploration companies.