To bring drill core down to the Gold Coast Roadshow, have it on display at the booth and have peer review is confidence enough they are onto something special.
It is a case of joining all the dots,
- Multiple near surface copper ore zones above Mongoose Deeps anomaly relating to remaining unmined physical copper deposits at Great Australia (4.7 Mt @ 0.9%Cu), Orphan Shear Reserve (1.0 Mt @0.6%Cu), Mongoose (3 Mt @0.5%Cu), Taipan (5.1 Mt @0.6%Cu) and Paddock Lode (mined) deposit, plus Mongoose West (yet to be RC drilled) target area.
- True North Copper (TNC), 19th July 2023, identified extensions of structurally controlled, down-dip feeder to mineralisation located beneath Great Australia Mine (GAM) & Taipan Pit, notably copper breccia mineralisation at 1.5%Cu, OPEN at Depth. See TNC Figures 1-5 below.
- RNX are seeing what the geophysical model predicted based on the Ernst Henry (EH) IOCG formation.
- Physical Specimen of Crackle Breccia Cu-Au bearing material at 1,300 metres displayed at the Gold Coast Roadshow booth (according to HC attendee). Question is what is the copper-gold grade of this material?
- Therefore, if TNC see crackle breccia at 382 metres grading ~1.5%Cu below Great Australia pit & RNX are continuing to see crackle breccia at 1,300 metres drill length (not sure what the vertical depth equates too) then we appear to have a very large mineral system. RNX just need to be intersecting or vectoring towards the copper-gold rich breccia pipe feeding the known orebodies.
Background information on Ernest Henry deposit.....RNX are in the Crackle Breccia Zone!!!!!
https://portergeo.com.au/database/mineinfo.asp?mineid=mn037
TNC reference:True North Copper (TNC), our next-door Neighbour, encountered copper breccia zone below their pits. All open at depth, re Figure 1.
TNC, 19th July ASX announcement,
Reference:
https://announcements.asx.com.au/asxpdf/20230719/pdf/05rrtww97gm3lz.pdf
Copper grade increases at depth, >382 metres
Drill hole GAD014 copper mineralisation open at depth below Great Australia pit.
Examples of Drill Core Copper mineralisation TNC encountered at 382 metres below Great Australia orebody.
Zones of crackled breccia documented at 284 metres by TNC.
Now RNX are seeing similar mineralogy at 1300 metres drill length.
Note: drill core images are from True North Copper (TNC) - GAD014 drill hole.
(20min delay)