Interval length is good but grade is disappointing considering some visible gold in the core, my understanding is that they are supposed to take a particular half of the core for sampling, perhaps this visible gold part of the core wasn't sampled? I suppose with coarse gold deposits it can be hit and miss as the gold is not more evenly dispersed throughout the deposit. This evidenced by RMS initially mining at Wattle Dam what they believed was a small deposit of approx 12 000 ounces that turned into over 200 000 ounces at high grade.
So we have Redback and Wattle Dam South drill results to come. Hopefully we hit better grades in these results. We also have another drilling program to start soon on on Wattle Dam near mine targets and two regional gold targets, MRE for un mined gold at WD and then the Nickel work. Plenty going on, just have to ride it out at the moment.
MXR Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held
