Normal
KWR understandably being dumped by impatient money today as it has been announced that the DD rig commencement for 4,000m at 'Sir Laurence' hot Au prospect at Lake Goongarrie has gone out to "several weeks" away. Price currently down +5% and has been lower. I extended the expiry of my bid for more shares @ 0.14 in case there's a collapse of interest. Chart looks weak but so far 0.16 has held as support for closing prices.The delay of the diamond drilling has been buried in the announcement of the completion of the maiden aircore drilling campaign along the 'Highway' ultramafic sequence which is on the eastern side of the lake and is strongly prospective for Nickel Sulphides. Immediately south of this area of drilling are the 'Saints' NiS deposits (1.05mt resource @ 2%Ni) and 15k south is the historic 'Scotia' NiS mine operated by WMC in the seventies (produced 31kt Ni and left a reserve of 17kt Ni due to mine collapse - all from ore grading above 2% Ni)Assays awaited
KWR understandably being dumped by impatient money today as it has been announced that the DD rig commencement for 4,000m at 'Sir Laurence' hot Au prospect at Lake Goongarrie has gone out to "several weeks" away. Price currently down +5% and has been lower. I extended the expiry of my bid for more shares @ 0.14 in case there's a collapse of interest. Chart looks weak but so far 0.16 has held as support for closing prices.
The delay of the diamond drilling has been buried in the announcement of the completion of the maiden aircore drilling campaign along the 'Highway' ultramafic sequence which is on the eastern side of the lake and is strongly prospective for Nickel Sulphides. Immediately south of this area of drilling are the 'Saints' NiS deposits (1.05mt resource @ 2%Ni) and 15k south is the historic 'Scotia' NiS mine operated by WMC in the seventies (produced 31kt Ni and left a reserve of 17kt Ni due to mine collapse - all from ore grading above 2% Ni)
Assays awaited
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