RCR 2.38% 10.8¢ rincon resources limited

Ann: IOCG-style Mineralisation Confirmed at West Arunta, page-364

  1. 3,036 Posts.
    lightbulb Created with Sketch. 8150
    You may be right that the wannabes have nothing. However, I do not think ENR's early results should be considered poor relative to 2022 WA1's.

    Modified extract from the linked post that gives some of my thoughts on this topic.

    Summary of selected early assays from weathered zone, WA1 and ENR drilling.

    P2 5m @ 0.9% from 65
    4.5 %m
    L2 4m @ 2.9% from 32
    12
    L3 8m @ 1.06% from 44
    8

    Crean
    E8 34m @ 1% from 56
    34 , including 4 @ 3.8% [15]
    E7 19m @ 1% from 65m,
    19

    Emily
    12m @ 2.3% from 54m
    27
    32m @ 1% from 34.
    32 %m

    I have added the %m to this as it shows how the initial intersections can be compared more readily.

    On this %m basis the best high grade hole is Emily's #98 and all the ENR first holes are better than WA1's IN THIS SELECTION. This was not meant to be biased in anyway but may not be complete or reflect some of the many other aspects that could be considered.
    Hindsight and foresight are the main things to influence perspective, with Luni's initial potential being proven in 2023 by well over 100 relatively close spaced holes.

    That early intersections are better does NOT mean Crean or Emily will turn out like Luni with closer spaced drilling. They may, but that is in the future and the bane of exploration predictability. There may be bigger and better targets elsewhere in the West Arunta.=
    ==============
    Sentinel Update to 8 May.
    https://hotcopper.com.au/data/attachments/6157/6157929-59073429e37d9ce27393270c7d082b28.jpg

    GH said the RC program would be flexible. The 5 sites which appear to be drilled at Pokali East seem to reflect selective testing rather than grid pattern work.
    Two new disturbances were spotted. The one SW of Jewel looks more like a possible drill site but doesn't seem to be on any obvious targeting map. The other at Pokali E is subtle and may be something happening at an old drill site - PKC018.
    Source data
    Annotated May 8th image from time lapse below
    Hint of another NS line(dashed) . Access track north of sand dune.
    https://hotcopper.com.au/data/attachments/6157/6157943-168934eda9fbe4abf40f28ebd42bb6a2.jpg
    Timelapse 3-8 May
    https://hotcopper.com.au/data/attachments/6157/6157947-07cb242f1337e2574d231f7253b36e68.jpg

    Jewel area
    https://hotcopper.com.au/data/attachments/6157/6157956-a38920f7751ff49b0aad131f63665fdb.jpg

    ==================
    Finally this from HC.
    Apologies if any previous comments etc.

    Did this image come from Pokali?? I didn't see it in the announcement.
    https://hotcopper.com.au/data/attachments/6157/6157957-4e7bc590d7262fb225c28ab7d20e71f0.jpg


    I suspect that the response on RCR would have been ballistic if the image used for this story came from DDH2. To me it looks like remobilised bands of chalcopyrite (yellow brassy) which would give some 3-4m of good % copper. Since it might be from a VMS perhaps zinc as well.

    If I am correct a poor choice of image, at best, for a story on RCR.

    https://hotcopper.com.au/data/attachments/6157/6157985-f03dc2483e1cd51869d43a8e846eaaff.jpg
    Very different appearance, IMO, to the image above which does not appear in the announcement. Why not? IMO it is more impressive than these blebby sulphides which are likely to give local high grade and perhaps broad zones in the range seen in historical drilling (0.3-0.8% Cu).
    Large enough bulk tonnes at that grade would be interesting but location means it has to be huge for economics.
    Last edited by salpetie: 09/05/24
 
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