RML resolution minerals ltd

8.89%

4.1¢

You have some good points, while all is theoretical, if the...

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newbie2016

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29/04/20

15:46

Post #: 44328653
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Originally posted by draganfly: ↑

I was lucky to be one of the 100 that made it in the conference call. Besides one disruptive and inappropriate caller (suggest mute all callers in future conference calls), the overall message is very positive.

Here are my 2cents:
The ground is highly prospective with the current hole and historic holes elsewhere on the claim showing POGO style mineralisation (not so much in Au but at least in geochemical signature). Au mineralisation can occur as steeply dipping veins (feeder veins) and as shallow dipping stacked sheets (main target). At POGO, the main veins dip shallowly to the northwest (Larimer et al., 2013).

The RML team has a clear exploration model targeting the stacked sheets. RML will need to hit another shallowly dipping sheet to vector in on the high-grade Au mineralisation that the market affiliates with POGO style mineralisation. Hopefully the second hole will do just that.

Rig should be back spinning in a months time first to complete hole two which should also test the resistivity target adjacent to the mafic intrusion. The intrusion is said to have some structural or geochemical association with the gold mineralisation (hope they are right this time!). The work happening at the end of May is first testing the Aurora target. Other high priority targets on the northern end of the claim are directly west of the Goodpaster deposit (NST). These holes west of Goodpaster are what I'm really interested in. DYOR, the below is based on my limited reading and analysis.

Average thickness of the Goodpaster lode is 2.98m (min. 0.3m, max 8.9m) with a thickness weighted Au grade of 8.76 g/t. High grades of up to 67.5 g/t over 4m have been returned (NST 16/09/2019). The footprint of Goodpaster is 2300m x 500m and open in all directions (RML is immediately to the west and northwest of course).

If the shallow dipping sheets are continuous and not faulted off, RML should see the continuation of Goodpaster onto their claim. There are also some mag-low anomalies besides Aurora elsewhere on the claim RML is not currently targeting. I would like to see another borehole 2km east of the Echo targets. But Im doing desktop exploration here and I'm sure the team have their reasons for the location of their priority holes.

So all in all, RML still has a very good chance to discover new or extend known gold mineralsation (Goodpaster). Exploration work takes time and require testing and refining the exploration model with new pieces of information gained from previous drilling. The RML team seems systematic and so I believe we have as good chance as any to find economic gold on the claim. They have sufficient funding to complete this exploration season and I look forward to the results.

GLTA
J

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You have some good points, while all is theoretical, if the result failed, check mei, RML will go 0.1c. RML might be as good as nst some day, whereas currently it seems a little bit like gambling.

Still watching.

RML Price at posting: 6.4¢ Sentiment: None Disclosure: Not Held
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