I thought I would open a new post so as to keep it on topic, which is KRC and why we are here. To discuss the company, to share information, thoughts links positive and negative as long as its constructive.. We can all keep it civil and not lower ourselves to levels of those that do not hold or do not have a sentiment. Also thank you for support comments regarding people trying sully my posts, but I only post information that is readily available to all on the internet. Plus I am too long in the tooth to worry about meaningless down rampers.
The reason I am invested in KRC is because of the following:
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VANADIUM
Quarterly 18 July 2018:
On 2 July 2018 the Company received $2,750,000 for the balance of the underwriting commitments with unrelated parties for the underwriting of the exercise of the June 30 2018 options.
As at 3 July 2018 the Company had $7,369,000 Cash at bank.
The Company is now fully funded to complete metallurgical test work, complete the Concept /
Scoping Study on the Speewah Vanadium / Titanium / Iron project, and to conduct an extensive
RC (with some diamond) drilling on the high grade Mt Remarkable gold discovery.
June 2018: Vanadium resource estimate updated in accordance with JORC Code
(2012) by CSA Global Pty Ltd (refer ASX announcement 26 May 2017).
- Measured, Indicated and Inferred Mineral Resource, reported at a
0.23% V2O5 cut-off grade from the Central, Buckman and Red Hill deposits, comprises:
4,712 million tonnes at 0.3% V2O5, 2% Ti and 14.7% Fe
- Measured, Indicated and Inferred Mineral Resource, reported at a
0.23% V2O5 cut-off grade from the high grade zone of the Central deposit, comprises:
520 million tonnes at 0.36% V2O5, 2% Ti and 14.8% Fe.
The largest titanomagnetite hosted vanadium resource in Australia.
The flat lying nature of the Speewah mineralisation gives King River Copper the opportunity to mine very large volumes of material with minimum waste (0.4 tonne waste to 1.0 tonne mineralised material).
GOLD
High Grade Gold Results at Mt Remarkable
- Multiple high-grade intersections have been returned, from three drill sections, defining a very high-grade gold zone at the
eastern end of the main Trudi grid drilling. Best down hole intersections include:
- 3m @ 41.75g/t Au including 1m @ 81.5g/t Au from 16m in KMRC0072,
- 3m @ 38.70g/t Au including 1m @ 55.80g/t Au from 22m in KMRC0073,
- 2m @ 66.50g/t Au including 1m @ 77.2g/t Au from 27m in KMRC0074,
- 4m @ 39.78g/t Au including 1m @ 82.7g/t Au from 31m in KMRC0075,
- 3m @ 16.26g/t Au including 1m @ 38.30g/t Au from 13m in KMRC0076,
- 2m @ 27.28g/t Au including 1m @ 39.20g/t Au from 29m in KMRC0079.
- King River Copper Ltd (ASX:KRC) is pleased to announce that multiple very high-grade gold results have been returned from
drilling at the eastern end of the current reverse circulation (“RC”) drilling grid on the Trudi Vein, at the Mt Remarkable Project
(200km south of Kununurra). These results are subsequent to previously announced visible gold intersections of 4m @
113.29/t Au including 1m at 346g/t Au from KMRC0078 and 3m @ 34.8g/t Au including 1m @ 50.5g/t Au from KMRC0077
(KRC ASX announcement 5/6/18). The new results now define a very high-grade gold zone that is currently open to the east and
at depth (Figure 1 to 3). Follow up holes to test extensions to this zone have been designed and drilling has commenced.
FLUORITE
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April 2018
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This quarter which ends September 2018. One thing I did agree with one of the other company posters is we all need to do our own research, it is in everyone's benefit. Also share knowledge, information, links etc.
As usual all constructive criticism welcomed, as these are my thoughts and interpretation that I post, and they do not replace professional advice and no one can truly predict, in any way, future trade quotes and performance. Good luck to all that hold.
