Nice recent hits on a prev known and drilled Zn deposit
My quick thoughts are flat lying (Good) and shallowish (Good) open pit'able likely to be large (Good)
800+ km as crow flys from WA Coast (not so good) longer by Road no existing infrastructure that far in
Jorc Target is Med grade @ 4.5% Zn Avg (Note: 2.5% Zn Is consider low grade)
Some High Grade hits (above 10% Zn) are good sign would like to see much more of these.
Will it be economic ... hard to tell this early.
Joint owned ZNC and RTR?
Given 80% rally over the last week (10 -18c) clearly the news has been leaded out so some of news already in price already
But reasonable announcement thus far IMHO
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- Ann: Major Zinc-Lead Discovery at Earaheedy Project
Ann: Major Zinc-Lead Discovery at Earaheedy Project, page-16
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