Ann: Mt Remarkable Gold Update, page-23

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13/10/18

15:53

Post #: 36113797
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Originally posted by knotnauti ↑

Originally posted by doctorwho2
Hello, please do not get confused between Apparent widths and True Widths. The Apparent Width is the reported intercept. The True Width is the actual width of the vein, which appears to be around 2 metres. In the absence of the stockwork, exploiting the deeper parts of the vein would need to be underground mining and frankly the grades, so far, do not appear adequate for this. The problem with these sorts of veins is that they are teasers and continued testing can consume funds sometimes without definitive results. They are something that is nice, but not essential, to do if funds are in short supply. I would much prefer funds be spent on the Vanadium deposit which appears to be world class provided the metallurgy stacks up. This is not investment advice. Please do your own research.
Agree with most of that.
All the same, nothing ventured nothing gained,right.
Good old exploration, thats what its all about.
The Kimberleys is clearly a rich area, in many ways and KRC are sitting on some of the best of it.
A massive landholding, in an area that has shown us Diamonds, Gold, Iron, Grapite, Vanadium, Fluorspar, to name a few.
Im glad to see KRC continuing drilling, however, Mt Remarkable seems to be fading in grade and width as they probe further out and away from the main Trudi and Graham veins. Very very difficult to JORC an area like this. But they're on to something there, and remember the leases run along way down through some highly prospective ground. As they learn more about the area and its geology they will be much better prepared going forward. Also remember King River Gold is now a sub of the Parent. So to me that spells confidence.
Tough gig atm trying to find a big brother with big dollars and big kahunas to fund anything atm.
The sun will return and shine on again before too long.
imo.

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With other mineralized veins yet to be discovered in a very under explored area. Sooner rather than later I believe things will work out for KRC. It's not every day that you find a very interesting but massive dual play in KRC on the ASX.

KRC Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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