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08/02/22

10:02

Post #: 59423649
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Originally posted by bevter: ↑

ORC compliant Underground MRE increases by 24% at Mina
Carmen, Santa Comba and substantial Exploration Target
determined.
Rafaella Resources Limited(ASX:RFR) (‘Rafaella’ or the ‘Company’is
pleased to announcethe results of the recently completed underground mineral
resource estimation as carried out by Rafaella’s Geology and Mineral Resources
Department, for the Santa Comba tungsten and tin project(‘Santa Comba’ or the
‘Project’heldbyRafaella’swhollyownedSpanishsubsidiary,GaliciaTinand
Tungsten SL (‘GTT’.
Investment Highlights
Total JORC compliant underground (UG) MRE at Mina Carmen of 291kt @ 0.95%
WO3and 0.23% Sn (0.53% WO3cut-off), anincrease of 24%,
oMina Carmen North (Quarry area) of 57kt @ 0.94% WO3and 0.01% Sn
(0.53% WO3cut-off) based on GTT’s drilling campaigns.
oMina Carmen South remains unchanged from 2016 with 234kt @ 0.95%
WO3and 0.28% Sn (0.53% WO3cut-off), based on historical data.
Deeperdrill intersections of the main vein “Restrevas North”demonstratethat
WO3grade increases at depth, thus providing an excitingExploration Target.
The MRE shows strong increase of Sn (cassiterite) within the vein system
towards Mina Carmen South, up to average grade of 0.42% Sn for Vein F5 in
Mina Carmen South.
SubstantialExploration Targetscalculatedfor both Mina Carmen North and
Mina Carmen Southdemonstratingfurther upsidefor underground operations.
Managing DirectorSteven Turner said:“The geology team at Santa Comba has spent
considerable time reviewing and updating the underground data, correlating historical
records, measuring the accessible underground veins and studying the results from
recentdrillcampaignstogreatlyenhancetheCompany’sknowledgeofthe
underground resource.SantaComba was a historical operation until 1985 producing
clean concentrate from high-grade veins. Work to reopen the permitted underground
operations continues in parallel to the openpit study work. This mineral resource
upgradeandimportantlytheexplorationtargetishighlyencouraging,asit
demonstratessubstantialupsideforthe underground operation.”

ORC compliant Underground MRE increases by 24% at Mina
Carmen, Santa Comba and substantial Exploration Target
determined.

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Solid progress here!

RFR Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
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