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mhanneman

96 Posts.

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18/11/21

21:44

Post #: 57686205
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Originally posted by m0ngy: ↑

Rox is often light on interpretation and significance of its finds so I'll give it a shot.
The authoritative Ravensgate independent report on Younami concludes that the Deeps gold continues at depth and future growth of the resource is likely from exploration of footwall and hanging wall structures.

Footwall and hanging wall structures are highly significant in Youanmi gold mineralisation and Rox has found a new one.
The final Deeps ore mined was 14g/t au.
Exploration did not continue on the other side of the Main Fault (see below) because of water ingress.
Rox geos speculated that the fault had displaced the Deeps gold and it continued on the other side of the fault.
Today's ann shows that Deeps gold not only continues on the other side of the fault, as evidenced by the hanging wall, but is exceptionally high grade au.
This is very positive for the Deeps resource currently 660,000 oz au @ 8.5 g/t
Today's ann indicates that very high grade gold is likely to be found below the historical DEEPS decline and will be readily accessible by extending the decline.
Also noteworthy today: Rox reminded us that many RC and DD assays are pending.
Grace 109,000 oz au high grade is open at depth (then why not drill Alex?)

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Thanks m0ngy love your input

RXL Price at posting: 40.0¢ Sentiment: Hold Disclosure: Held
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