RXL 0.00% 14.0¢ rox resources limited

Ann: Youanmi (Grace) Shallow Drilling Delivers More High Grades, page-505

  1. 10,726 Posts.
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    Just a recap for the clueless opportunistic buyers who cry & sell into the hands of the smart money, when sp drops a pip or 2 on a given day, when there is no news causing such a retrace or, the released news isn't what they were expecting & they can't read the facts presented them...

    #1 Deeper step-out drilling is ongoing with assays still pending for these holes.

    #2 These results relate to RC drilling designed to infill drilling coverage (i.e. tighten drill spacing) on the shallow high-grade part of the emerging Grace prospect to facilitate resource estimation.

    #3 Deeper results (see ASX release 16 June 2020) are pending. Around 3,700m has been drilled to date and drilling is ongoing to test depth extensions.

    #4 In relation to the drilling above, assays have been received for 49 holes with
    assays still outstanding for an additional 15 holes.

    #5 “These strong infill results are extremely encouraging and endorse our interpretation for Grace. The results, along with outstanding RC assays, will becomplemented by upcoming diamond drilling to facilitate a Maiden Resource Estimate, which we are aiming to have completed later this year.”

    My Sentiment for all it matters ~ STRONG BUY BABY!
 
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