Discussion with Alex Passmore, page-182

First 182 Last

Share
Profile

Follow
MrAu

4,102 Posts.

1338

11/08/20

19:36

Post #: 46464323
Share

Originally posted by Fish007: ↑

Hi Facthunter,

I refer the ann "Youanmi Exploration Update" 28/07/2020

Forward Plan
The RC drilling program plan calls for 16,000m in 126 holes in total, which will allow for drilling much of Grace
out on a 40 x 40m spacing. Shallower parts of Grace are mostly drilled on 20m x 20m and in some places 10m
x 10m for geostatistical purposes.

As outlined in previous releases the company had planned to undertake diamond drilling to better characterise
the Grace prospect mineralisation. The scope of the diamond program has been expanded to include targeting
Grace mineralisation at depth. Including drilling from the Western Side of the main pit to depths of around 500m
below surface (Figure 4). This program is commencing this week.

To target parallel N-S structures in the Youanmi granite the Company has also approved a 12,000m aircore
drilling program in conjunction with a Sub-Audio Magnetic (SAM) geophysical survey.
This program is commencing in early to mid-August.
The Company looks forward to updating the market on the results of these various programs as results come
to hand.

So to answer your question, Grace should have something by the end of the month to mid September and the parallel structures towards the end of September/ early October.

Also, according to the ann 4th June, the nickel drilling was due to commence on the 15th of June so there should be some results shortly. (maybe 1-2 weeks) or perhaps its gone missing in the mail.....(i'm joking of course)

Also the sovereign gold prospect has "further drilling planned" but no dates to confirm commencement according to the ann 27th July from VMC.

Having said all that, I do believe that once the first gold ann comes, there'll be a good string of anns to follow as they lead up to the updated JORC.

DYOR, IMO.

p.s I have changed my sentiment to BUY and have my finger on the trigger.

Expand

Agree Fish tomorrow is likely to be the day to buy. Hoping for 5.6 cps.

RXL Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PR1

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

Trump is President Again: What Does This Mean for Crypto?

PRS

Prospech finds dynamite heavy REE grades from historic core in Finland

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 16 more messages in this thread...

First 182 Last

Add RXL (ASX) to my watchlist

(20min delay)
Last 17.0¢		Change 0.000(0.00%)		Mkt cap ! $69.80M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	87647	17.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	122000	2

View Market Depth

No.	Vol.	Price($)
2	87647	0.170
1	3548	0.165
1	10000	0.160
2	51475	0.155
6	169335	0.150

Price($)	Vol.	No.
0.165	122000	2
0.170	173944	4
0.180	193000	5
0.185	130000	2
0.190	54333	3

Last trade - 16.27pm 11/11/2024 (20 minute delay)

RXL (ASX) Chart

Day chart unavailable

Discussion with Alex Passmore, page-182

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

Trump is President Again: What Does This Mean for Crypto?

Prospech finds dynamite heavy REE grades from historic core in Finland

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Discussion with Alex Passmore, page-182

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

Trump is President Again: What Does This Mean for Crypto?

Prospech finds dynamite heavy REE grades from historic core in Finland

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News