RE:Drilling News ... best Guess?I have been trying to figure out when we might see the next results as well.
Based on updates and slides from the recent corporate presentation I make the following assumptions:
1) Hole #6, the 3rd hole drilled at Mordialloc should have been completed around September 15th.
2) Hole #7, the 3rd hole drilled at Trundle was well under way based on the picture from the September 29th updated corporate presentation so my assumption is that they have completed that hole as well.
3) After completing Hole # 7, I assume they went back in to extend Hole #1 at Mordialloc which if it isn't complete now, must be close.
All of the above assumes no delays.
I recall back when they had finished the first hole at Trundle they came out with their visual assessments but then said we would have to wait 5 to 7 weeks for assays. Based on the dates of the visual report and then the actual assay report it was about 7 weeks. Using my dates above for Hole #6, I think we are looking at an assay report as early as the last week of October but no later than the first week of November.
That being said, I have always agreed with the phrase that "good news travels fast".
We can always hope that there might be some news next week with visual reports for Hole #7 and the extension of Hole #1 plus an indication of where they are drilling next but I think it more likely that any visual report and indication of future plans will be included with the next batch of assays.
Sam has a busy month of November with different on line events that he is presenting for. Again, my assumption is that he will be looking to promote the potential of KCC in anticipation of the IPO on the ASX early in the New Year.
That's the best I can come up with wawahunt2. We have both been here a long time and suffered through some dark and bleak times. The last few months have shown a glimmer of hope so let's hope we continue to see positive progress.
Best regards,
Chipshot2