1.6M cash . 5.5M M/C. Is there a C/R coming. Otherwise looks like it is cheap down here. Any ideas why?
i. Rio Tinto Exploration (RTX) is earning into Red Fox’s Ernest Henry South (EPM 26332) by spending up to $3.5M. Significant new pre-drilling work carried out in last six months. Drill testing imminent; and,
ii. Government grant ($190K) awarded to Red Fox to fully fund drilling of 3-holes to test a major MT anomaly on Gipsy Creek (EPM 26872) to the north.•
Historical high-grade Gold reported in outcropping rock at Butchers Creek and trench sampling at GW Gossan (EPM 26397), never drilled and to be confirmed by Red Fox fieldwork;
• Broken Hill style Zinc target at Eveleigh (EPM 26601) with mineralisation at surface-ready to drill to confirm shallow historic drilling, open at depth and along strike;
IOCG style target at Copper Creek (EPM 26024) with strong historic copper and zinc stream anomalies over 10km strike length. No previous follow up and no previous drilling.
And the CML projects
CML Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held
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