Todays presentation, Robert mentioned,
- RNX has Strong leadership - the Mark's are well experienced for development of the company
- Edward Fry, exploration manager is onsite at Mongoose Deeps at the moment to see the completion of the diamond drill hole. Very hands on and excited exploration manager. Given its a potential Tier 1 discovery he is on the ground watching & logging the discovery as it unfolds.
- 100% ownership of the Mongoose Deeps lease relating to EPM28972
- Mongoose West - beginning 1,000 to 2,000 metres of RC drilling next month.
- 500 metres of strike zone to drill, hence more resource to add to the 3.1 Mt @0.55%Cu over coming months.
Robert asked, where is the copper coming from?
- Mongoose Deeps (MD) gravity and magnetic anomalies all lined up.
- The potential MD orebody is 1 km wide in sections and at least 3 km's deep.
- For Mongoose Deeps drilling, RNX "are seeing what we expect to see in the Breccia zone"
- About 200 metres of drilling to go......observations very positive...is this a transformational change for the explorer?
- Next week they plan to finish the hole.
- RNX is well funded,
- this diamond drill hole will cost $500k - $600k
- Planning more holes
I feel Robert is trying to generate a future news release that has all the relevant information (metres of mineralisation, Cu assays, core logging details, etc) to set RNX up for the next development phase rather than just reporting visuals only.
DYOR, I also bought a few more today based on today's comments.
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