RED 2.99% 34.5¢ red 5 limited

Yes MIStragic, this new regional drilling program has the...

  1. 748 Posts.
    lightbulb Created with Sketch. 187
    Yes MIStragic, this new regional drilling program has the potential to take this to a whole new level. Back in 2006 SBM started to explore Rainbow and Rainbow North. Their shallow, truncated, program produced the following results
    Rainbow
    From 40m, 6m @ 10.7g/t
    From 34m, 11m @ 6.4g/t
    From 54m, 15m @ 4.3g/t
    From 57m, 15m @ 3.4g/t

    And Rainbow North
    From 25m, 11m @ 14.6g/t
    From 68m, 12m @ 3.6g/t

    The gold price took a dive so Tamoola, now KOTH, was shelved until 2011 when the UG was developed. Mark is looking for “early feed” for the proposed processing plant. These historical results indicate he could be on the money.
 
watchlist Created with Sketch. Add RED (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.