REE 0.00% 1.3¢ rarex limited

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  1. 6,291 Posts.
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    I'm inclined to agree with above posters that the next announcement almost certainly in the week will package together the Hole 4 visuals and Hole 2 assays, likely some preliminary comment on the Bayleys hole ( Hole 3) as even if its finished I doubt there has been sufficient time to meticulously visually log the whole drill core.

    I'm not expecting a blockbuster of an announcement ( as some others do) but rather it will give us a further insight into the porphyry system(s) and boost our confidence in ultimately having a successful outcome to the exploration. I note by the way, that regarding Hole 2 at Mordialloc, they did state moderate copper mineralization in intersections over significant intervals, so anyone thinking we are going to get 3% or 5% copper hits is deluding themselves. If we got say 0.2 - 0.5% Cu over reasonably significant intervals I would be pleased, as its clear from the visuals we are not yet in the sweet spot ( which is the potassic core zone of the porphyry and we ain't there yet on this first Mordialloc hole, but obviously we are in the vicinity with the comment that propylitic alteration was intercepted at depth)
 
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