RCR rincon resources limited

Ann: Drilling Confirms Mineralised System at Westin, page-55

  1. 14,619 Posts.
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    I dont hold NWM but you can’t call their tenure a duster after the completion of one tiny drill program. The entire region is prospective for multiple commodities and it may take some companies multiple drill programs to find a discovery. WA1 weren’t the first company to drill their targets! It may seem like they hit it first time but Luni and P1 and 2 were drilled 30-40 years ago. They just targeted IOCG and only undertook base metal and precious metal assay suites which came back below expectations and the tenures were offloaded. WA1 came in and did another drill hole into the geophysics target with a full suite of REEs and made the discovery!
    Last edited by coto: 05/01/24
 
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