If you have a read of the announcement dated 17 November 2011 you will find a copper value of 1.2% returned from previous rock chip sampling from volcanic units of the Killara Formation. They say the Killara Formation is potentially equivalent to the Narracoota Formation with hosts Sandfires Degrussa deposit. Sounds like results from completed surface geochem programme should be in soon? Large strike extent of Killara Formation tested by surface geochem - 30 kilometres! The Killara Formation sounds like an area with very little previous exploration, sounds interesting. Just my 2c worth.
RRE Price at posting:
14.0¢ Sentiment: LT Buy Disclosure: Held