WC8 11.8% 22.5¢ wildcat resources limited

Ann: RC DRILLING COMPLETED AT RED PANDA, page-12

  1. 266 Posts.
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    This is better than nothing, but 512m @ 7 holes is an average depth of ~73m per hole and not a massive program (the breakdown of exact depths in the release 30m- 132m).

    Good they hit a reasonable pegmatite intersection in 1 x hole, and they may well have spodumene in the pegamatite - it would be extremely hard to tell in RC chips. I will reserve popping the bubbly until the assays come in and we confirm mineralisation and maybe repeats thereof, or at the least a mineralisation halo with a potential strike length - there's a chance every hole may come still come back with donuts.

    I think this release was probably done to quash any potential speeding tickets from the ASX after the last few days.

    Its all still very much positive news and I still have faith in the projects this mob has - my sentiment is still very much accumulate now as the results from Panda and Adrah come through in the next 4 weeks.

 
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