Re: Looking Forward - Shaquille - MaCloud
in response to
by
posted on
Aug 09, 2009 01:46PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
So, July 6th had seen the completion of DH 50 and DH 51 was well underway then!
One Month later with two more drills moved to the area of Eagle 1 (thus give it an average of 2.5 drills drilling through out the past Month) drilling full speed ahead (AKA - DEEP!) and what do we have?
How many more Holes?
How much new Core to be Logged?
How many new Core Samples to be (as in Have Been) sent off the the Labs?
And REMEMBER - It only takes a Day to do thousands of Assay Tests - the remainder of time between the Drilling and the Release of the Assay Results being accounted for by Logging, Sample Selection, Trannsport to Labs, the single day to do THOUSANDS of Assays (where the Lab may want to do this in Batches spread over several days as part of their internal QC, Compilation of Assay Results, Lab Report to the Company, Company Assay QC/QA checks, Assay Results/Log Data Compilation and Analysis, Geological Team internal consultation(s), Geological Team Reporting to Seniour Management (who are sure to be involved in each and every step - other than doing the actual Assaying) who then do any further desired Consultation(s), followed by BoD Discussion and NR Timing Decisions. Then when the decided NR Time approaches, the decision to follow through and release the NEWS. NEWS which the BoD deems to be what they want the NEWS to be.
Thus, HOW MANY NEW Drill Holes have been completed by these Drills in the past Month?
Geophysicals are usually kept secret and would by now have been analyzed and thus presently beginning to EFFECT all New Collar Location/Drilling Depth decisions.
With the use of Directional Drilling Technology, the use of the NEW Deep Capacity/Directional Capable Drill(s) will need to follow a different type of Drill Plan. This may add a little more time to the Time in which these Directional Capable Drills are put to full use. Thus, we may currently still be dependant on and awaiting Results from the non-directional Drilling already completed.
How many new Drill Holes have been Completed in the past Month?
More than several!
Who will/can dig up the actual number so as to have it Posted here?
We will find out, most likely, only when the BoD and associates want to PUMP Up the SP again!
When will that be?
Old Joe