RMX 0.00% 0.1¢ red mountain mining limited

Ann: Mt Maitland Drilling to Commence, page-15

  1. 1,828 Posts.
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    Very positive indications with the huge gold nugget, certainly adds confidence in the area and expectations. It seems the company has been working hard on the ground to sure up these targets in this initial drilling program. The area was said to produce gold with an AVG grade of 19g/t, so if he can hit some of this high grade the market will certainly take notice.
    So if results are positive I'd say the company will hit the ground hard for a second expanded drilling program, drilling other targets in the tenure as well. This could be the start of something exciting.
    There is also the possibility of finding copper and silver which would be a bonus. Eventually we will get our re rate, market is slow sometimes, just need buyers to line wipe the 1c road block.
 
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