Ann: RC drilling at Star Canyon hits 9.1m at 124g/t Au from 27m, page-128

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HeartVegas

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14/10/22

17:42

Post #: 64207321
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Originally posted by HeartVegas: ↑

Timeline:

Announcement 3000m drilling program commences at Humboldt Range 21st April 2022

Announcement Mineralisation seen in all holes at Humboldt Range (Star Canyon) 3 May 2022

Below comment included in 3 May 2022 announcement

Shareholders assume drilling to commence fairly soon after 3 May 2022 announcement after drill rig demobilisation / establishment at 4th July Claim

Drilling at Star Canyon 10 holes according to above took 2 weeks.

Announcement Star Canyon Assay Results 5th July 2022 (8 weeks approx after drilling completed)

Now, assuming all want to plan (which it appears it did not), Drilling should have Commenced at Forth July start of June after demob / establishment then drilling should have been completed mid June. Then assay Results should have been available Mid August.

Company Update 21st July 2022 (Forth July Reference)

Therefore they were drilling in July 2022 so already behind schedule.

But if correct and they were 'drilling now' on 21st July 2022, then drilling should only take 2 weeks say completion Early August 2022.

If we go off the same timeframes for the Assays at Star Canyon - Then drilling results for 4th July should be available right about now.
Management would want to give the Shareholders an update on this project by at the very latest mid-October 2022.

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No good no good... these results look unlikely to come at all unfortunately

PXX Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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