it is very important to read the full announcement and to be able to calculate the residual grade outside the higher grade zones (see my early post) in order to understand if the drill result is good or just noise as the company got lucky by hitting few nuggets which will never happen again. The company provided 1m RC assays (which not many do) in order to show the mineralisation is well distributed. Few areas show where the drill picked few gold specs but overall mineralisation is well distributed.
When lot of attention seeking lifestyle companies release results with massive grades where all the high grade is made up of a small lucky nugget in 20cm zone but rest of the zone (20m for example) contains only 0.1g/t Au they will never show you the 1m zones grades. Just read below - it's on Page 6 if you care to read the full Ann.
Again, and as I said before, this result is really good on all metrics but it will be better if RXL can repeat it with a hole testing around 100m at depth and 2 holes 50m on each side of RXRC458 in order to test for strike.
RXL Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
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