assays result and drills info
Posted by: bernardho on July 17, 2008 07:56PM
I tried to follow with the assays result and hope the it is a small contribution I can make to this wonderful forum..
I focus on the AT2 : so far from today news we have done 32 holes+2 in progress...
in April news they mention only visual appearance and in May 27 they mentioned 8 assay results ,adding today 5 assays we have
total pending = 32+2 -8-5= 21 assays result ...
in May news we had drilled 23 holes and after almost 50days,we had only add 9+2 in progress as holes go down to 600meters.
Today I went to our contractor website :Orbit drillings companies and read their propestus dated 28 June 2008 ,since I did not know how to transfer the material, I tried to put the summary here:
...Orbit drillings mentioned that they have their own direct manufactures for drills and can made one in less than a month.Their surface drill can go down to 2500 meters. they own 110 drills ( many dfferent kinds of drills) and with workforce of 500 employee.
That means if Noront /JV if need to add more drills ,looks like they can handle it.
The assaysresult today are all from Actlabs...that means they took two months to complete only 5 of the assays..
Again, the bottleneck still in the laboratories even we had a investor's relationship with them....
BH