Post by
blueboron99 on Oct 25, 2022 1:30pm
Just to Refresh our Memories
-Sequoia Drill Program-April 26/22
The first hole is situated 22 meters south of the original 2021 discovery hole. The proposed drill pattern is to drill a vertical hole to 200 meters in the interpreted east-west center of the kimberlite. After completion of the first hole a 2nd and 3rd angled hole will be drilled from the same site to the east and to the west until they exit the kimberlite. These are designed to find the country rock contacts of the north-south trending kimberlite complex. This pattern will be repeated at 200m spacings across the extent of the complex. This drill program will give an early first estimate of the geology, geometry, and tonnage of the kimberlite complex. Detailed core logging will define the different kimberlite phases and caustic fusion micro-diamond analysis will estimate the different diamond grades and populations.
IMO, don't expect any results from SRC until the month of Nov/22 as lots of caustic fusion to be completed on all material extracted from drill holes.
Blue
Comment by
_Highlander_ on Oct 25, 2022 2:37pm
im still holding, and averged way down, i still think this a real deal. im just critical of how Powers handled his paper, i believed he was more about locking his paycheck in first, and share price second. IMHO
Comment by
Bigoil2113 on Oct 25, 2022 3:42pm
My memory is refreshed. I go through these details daily. Still as confident as ever. Even more so that I know Rio Tinto is delaying there start of decommissioning the mine. Lots to look forward to, everything just moves at a slow pace.
Comment by
Ekatikki on Oct 25, 2022 3:51pm
Wealth is transferred from the impatient to the patient. Who said that again? :-) Eka
Comment by
blueboron99 on Oct 25, 2022 3:56pm
Ekatikki, I first heard that statement come from Warren Buffett. Blue
Comment by
_Highlander_ on Oct 25, 2022 5:44pm
theres still a few shorts left, and they will smack the ask at the end of the day trying to close at lows
Comment by
masterthink on Oct 25, 2022 5:51pm
HUGE SHAREHOLDERS DILUTION AT THE END OF THE ROAD.. LOT OF PAIN HERE TO COME.......