market has lost interest...time to buy more

just to rehash:
RMC Exploration Update on Wowo Gap
Highlights:
• First Diamond Drilling results show positive grades
• Diamond drilling progress is improving
• Wacker Drilling program to be initiated to ‘scout drill’ laterite potential to the
South on the Ansuna Plateau prior to Diamond Drilling
Resource Mining Corporation Limited 2
Assay Results
The first two batches of assay data have been received from the first 3 holes reported
using a 0.5% Ni lower cut off grade:
• WGDH027a: 1.7m @ 1.06% Ni from 3.4m (abandoned at 5.1m)
• WGDH027b: 2.2m @ 0.73% Ni from 4.8m (re-drill of WGDH027a)
• WGDH028: 15.3m @ 0.85% Ni from 2.1m
These results are particularly encouraging as they indicate the laterite profile remains
open towards the western extent of the project, at the limit of previous drilling (see
Figure 1).
Samples from a further 6 holes for approximately 140 metres of drilling have been
sent for assay determination. Assay turnaround is three to four weeks.
Diamond Drilling
The Company now has two drill rigs in operation at the Wowo Gap Nickel Project. As
previously reported, there were start up issues with the drilling program and progress
has been slower than planned.
An RMC team was dispatched to PNG to review procedures in the field and
investigate problems with the drilling contractor. Technical issues associated with ‘tiedown’,
hydraulic oil pressures and head pressure on the rigs were identified as the
reasons for poor drill performance. These matters have been addressed and drilling
rates have improved appreciably over the last two weeks with a 20 metre hole
typically being completed every other day. Further refinement in drilling operations
should provide additional increases in the drilling rate.
The company has completed a total 238 metres of drilling. By October, diamond
drilling will be completed over the current resource area and heading south towards
the Ansuna Plateau to test resource extensions. Concurrently, a wacker drilling
programme in the south has been added to the exploration plan and will provide
additional data over this period.
Laterite Profile
Geological logging of holes drilled to date (along lines 8944000N and 8944800N; see
Figure 1) confirm the presence of both limonite and saprolite across the width of this
area with hole depths varying from 13 to 32 metres. Holes are typically finished once
the ultramafic bedrock is encountered.
Ground Penetrating Radar
Preliminary GPR interpretation indicates that the thickness of the limonite profile
increases towards the south. Encouraging results have been received from the
southern most line (8941000N) with initial interpretation showing good thicknesses of
limonite profile. However, until the survey work is completed which will provide
accurate survey control for height determinations, the GPR interpretation remains
preliminary.
Exploration Potential
A 5 metre deep historical pit (see Figure 1) was located close to the southern most
GPR line (8940715mN, 707561mE). The pit confirms the existence of limonite in the
area, which adds further support to the preliminary GPR interpretation that suggests
the resource extends to the south. The pit has been mapped and sampled with results
expected in September. A Wacker rig has been ordered to scout drill this area prior to
diamond drilling to assess the extent and grade of the limonite.
Resource Mining Corporation Limited 3
Figure 1: Wowo Gap Exploration Update
Yours faithfully
J Hill
Company Secretary