RCR 4.55% 11.5¢ rincon resources limited

Ann: New Bullseye Gravity Target at West Arunta, page-333

  1. 8,087 Posts.
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    Thanks mate, appreciate your dive into the databases just as I have done over the prior six week which is the reason for me buying sub $0.03.

    Back when BHP walked away in the 90's only shallow drilling was done (some deeper RC holes) and not over a great area targetting surface copper anomalies (soils/rocks) without any modern day geophysics - how many times have we seen majors do a first pass and walk away only for someone else decades later to come back and find the prize - all too often.

    I make no analogy to Luni in any of my posts, I don't think Pokali has much possibility of Nb/REEs - put that to bed.

    All my analogues for Pokali are actually based of classic IOCG copper gold systems, predominantly those in SA which appear to be a similar age to this system.

    So far historic drilling has not intercepted any gravity targets, some conductance and magnetics have been drilled. In classic IOCG systems breccia copper is typically associated with gravity, not magentics which is typically associated with magnetite, the copper sulphide mineralisation drilled so far at Pokali.

    This is where I'll stop for now, could go on for 10,000 words and nobody want that!




 
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