Vaughn
Your making me feel evasive, but the facts are that I can't answer these questions now, other than to say the following.
The geophysical target field examination and till follow-up work is in progress. The samples are being processed. This will help characterize the targets so until this is done, we can't say what a drill schedule might be. Ditto for the drill budget. You could work some numbers out yourself using the following:
mob/demob plus camp etc will cost more than $40k, less than $100k
each drillhole will on average cost more than $20k less than $50k
each target will take at least 1 drillhole
best targets warrant at least 2 drillholes
from second last release,
72 targets identified
21 targets very high priority
from last release,
14 targets investigated and sampled
Clearly a budget that checks 14 of the best defined and highest quality targets would be somewhere around $500,000 but could be as much as $750,000 (second holes are much cheaper because of moving costs). Once you hit kimberlite, you have the fortunate problem of having to assess indicator chemistries, micro/macro diamond counts etc. This costs more, but is a cost most shareholders would accept.
Plotting the targets and indicator trains and posting on the website would be a great idea. There are other landholders in the area with claims coming due that would love to see this. For competitive reasons, we won't do this soon.
News releases cost money to post everywhere, so GMD is selective with releases. If it is earth-shattering news of many hundreds of meters of kimberlite with VD (visible diamonds) falling out of the core, I suspect it will get wider distribution than one that says "work is progressing, samples collected, results expected in several weeks."
Dave |
