RNX 9.09% 1.0¢ renegade exploration limited

Ann: Ernest Henry style IOCG zone discovered at Mongoose Deeps, page-67

  1. 18,904 Posts.
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    A bit pricey to case a deep hole like this for geophysics. And for sure in this case they will get a strong response in all directions, but whether magnetite / pyrites or copper sulphides...who knows.
    DH geophysics would be more useful if they had hit a high grade copper zone and wanted to target it again and to build an understanding of the deep geology.
    It's a good first effort in a prospective area and they might have more luck on the peripheries like at E.H and G.A.
    A small chance a major will consider an earn in.
    Last edited by asteroider: 02/07/24
 
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