A bit of a nothing burger exploration announcement with a series of low grade Cu oxide intercepts at the start of all drill holes, not super high grade or exciting, but I was looking at the entire exploration tenement that RNX have, and was wondering why they were so keen to drill at Mt Glorious when it looks like they have numerous other prospects in the tenement that they didn't drill.
I don't think its because all the other prospects have already been drilled so it might be a case of testing out a geological theory/model before undertaking a bigger more expensive RC drill campaign.
Still - could have stepped back and drilled a hole or two behind those existing drill holes to confirm the dip and see if there is any grade continuity. Hole 3 looks to be a case of drill directly under the old workings and then realize that the rocks dip and strike is more oriented NNW, so the rig was turned around to drill from west to east for holes 4 to 8.
RNX Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
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