Shouldn't be too far folks with drilling results, can not wait
Highlights RMG Limited (“the Company”) is pleased to announce the following highlights from the Kamarga project in northern Queensland.
? Major Drilling has commenced drilling at Kamarga
? The Company is planning to drill four targets o JB zinc prospect o Grunter copper prospect o Triangle zinc-lead soil anomaly o Barramundi copper soil anomaly
? EPM19172 has been offered to be granted to the Company. This exploration permit covers the eastern strike extension of the Torpedo copper prospect for an additional 7 kilometres with attendant prospector workings for copper. Kamarga Drilling
Major Drilling Ltd and the Company have executed a drilling contract for the drilling of 4,000m of RC percussion and diamond drilling on the Kamarga Project. The drilling is expected to commence in the first week of May.
Together with an additional metallurgical hole through the JB zinc mineralisation to enable further metallurgical test work, the Company is planning to drill four targets:
A. Continue step out drilling of the JB zinc zone to test extensions to the higher grade zinc mineralisation previously intersected in drill holes KD19, JB001, JB007 and JB014.
B. Test for extensions to the copper mineralisation previously intersected in drill hole JB008 (6m @ 1.1%Cu, 10g/t Ag) along the Grunter Fault.
C. Drill test the 1km long soil copper anomaly along the Barramundi Fault.
D. Drill test a significant zinc-lead soil anomaly at the Triangle Prospect.
At the conclusion of drill testing the Triangle zinc-lead soil anomaly, the Company will have completed the “Minimum Work Program” as required by the Earn – In Agreement between Teck Australia Pty Ltd (“Teck”) and the Company.
RMG Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held