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Hongguo International Holdings Ltd. USD SHS HGGOF



GREY:HGGOF - Post by User

Post by tarsandson Aug 19, 2021 1:29pm
94 Views
Post# 33731173

Are we near results yet?

Are we near results yet?Last year we started drilling with 2 rigs on June 30th 2020, and they started with the 3rd rig on July 22nd. Results from 2 holes on Sept 9th.  Huge hole 74.1 m of 17.89 g/t.

This year we started drilling on June 23rd a week earlier and with 3 rigs right away.

On Sept 9th 2020 they said this :

Drill Progress Update

A total of 8,000 meters (15 holes) out of a planned minimum 15,000 meters has been completed to date. This includes the completion of eight drill holes at the JT Deposit expansion targets, four drill holes at the NE Offset target, and three drill holes at the North Trend target. Assay results are pending for all but the first two drill holes reported in this news release. Assay turnaround times are significantly longer than normal due to a large increase in sample volumes at sample preparation facilities and analytical labs following a rapid industry-wide resurgence in mineral exploration, further compounded by impacts related to government and industry mandated Covid-19 policies.

So they had drilled 8,000 metres by Sept 9th NR or 15 holes. No doubt in my mind with 3 rigs drilling at least 1 week earlier then last year and COVID delays say at worst the same as last year. And the delays should not be as long considering they have had time too iron the delays out. IF THEY DID. Well I guess is we are very close too some drilling news.

First week of Sept quite possibly.


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