Ann: Maiden Drilling to Start at West Kimberley Project-RMR.AX, page-37

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Crimsoncarp

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29/04/16

08:08

Post #: 17627246
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Originally posted by Roel ↑

What to make of RMR’s Siemens numbers? In BUX’s announcement on the 11^th of May 2015 they give all the Siemens numbers for the conductors at their Double Magic project. On the 2^nd of November 2015 BUX gives a summary of all their Double Magic drill results. What stands out to me is that a conductor of around 1500S is capable of producing 1%+ Ni intercepts over several meters. RMR has got better conductivity on most targets AND they have got size. It doesn’t mean RMR’s conductors are carrying sulphides but since their project is only 7km away, I would be surprised if they don’t.

By looking at the plot in RMR’s 2^nd of December 2015 announcement, it looks like conductors MON1A(10000S) and MON1B(6000S) are connected, which combined gives them a size of approximately 300x600meter. If RMR can prove that both of them carry Ni and Cu sulphides, it has got the size to make it a very substantial discovery. Going by the very low MC of 4M, there is plenty of upside left imo. I don’t know the history of this coy, but to be honest I don’t care. The targets are there and they are very exciting ones.

Another thing that caught my attention was a snippet from BUX’s announcement on the 27^th of November 2015: “… All geophysical targets (conductors) drill tested to date have proven to be related to nickel-copper sulphide mineralisation, with no false conductors identified…”

All is looking very, very good, but don’t be blind. If we drill dusters it’s all over rover….

Image 1: conductors:
View attachment 173546

Image 2 and 3: drill intercepts
View attachment 173547 View attachment 173548

Expand

Great account Roel. I would only add that if you look at the magnetic image 9 out of ten geologist will tell you that the magnetic member (ruins dolerite?) is folded. Given the mon 1A and mon 1b conductors appear to mirror this geometry one can argue that they are indeed part of the same body as you suggest.

GLTA

RMR Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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Ann: Maiden Drilling to Start at West Kimberley Project-RMR.AX, page-37

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