This looks like a palaeochannel deposit. Some examples. At...

This looks like a palaeochannel deposit.

Some examples.

At Higginsville the two deposits found contained about 300oz according to this paper.

http://crcleme.org.au/RegExpOre/Higginsville.pdf

At Mount Pleasant, this paper estimated that of the 1.9Moz gold mined (at that time), 30% was in the form of palaeochannel gold.

http://www.crcleme.org.au/RegExpOre/PalaeoChannel.pdf

I’m not sure how far away RMS’s Edna May mill is, but it might be possible to just start mining this ore and toll treating it to put money in the bank. RMS announced in its last quarterly report that it had treated third party laterite ore from the Symes Find laterite deposit belonging to Mt Hampton Gold Mining.

Good chance that this palaeochannel will be larger and that they might find other deposits of this type now they know they exist, which could significantly enhance the prospects of this company. I’ll be following more carefully now and might consider buying  before the next drill results are announced. Esh