RCR rincon resources limited

Ann: Copper Sulphides Intercepted at West Arunta, page-327

  1. 14,324 Posts.
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    Who says the next drill sites won't hit anything?!
    The locations look ok to me - The initial regional RC drilling is trying to get as much info over as greater area as they can. This will then help for future targeting and understanding geological and hopefully nicely mineralised trends. Most discoveries do not happen in first up drilling, it takes several campaigns to get it. WA1 made it look like they hit a discovery straight away, but in fact MEI from memory drilled those geophysical signatures years ago but they only assayed for base and precious metals. They never did an REE suite.
    I have faith in management, I think management have only made 2 mistakes, underestimating the weather - Gary laughed off any impact of rain in the webinar. As well as their choice of capital raise fund. They totally took management as fools and bailed as soon as they could.
    If Gary wasn't so confident in the weather being OK, he probably would have switched the 2 diamond holes around, but I actually think never in his right mind he anticipated a 4-6 week weather delay causing us to all get frustrated and bored and some in here, questioning drill site locations which probably can't be changed this late in the phase 1 campaign anyway.
 
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