RXM rex minerals limited

looks chicken feed compared to an rbm report

  1. 7,295 Posts.
    Here's a Announcement from RBM last June for some comparisons to Todays Announcement by RXM.
    Yes it's good to see a Share jumping at long last and I'm holding high hopes for similar things or better when RBM perhaps do some deeper drilling this Year.
    Quote from RBM Announcements:-
    '/E-lodgement, 11 pages 12 June 2008
    REDBANK COPPER PROJECT BOOSTED BY
    FURTHER HIGH GRADE INTERCEPTS
    HIGHLIGHTS
    􀂾 Excellent results received from final 6 diamond holes of
    a 1,600 metre RC and diamond drilling program at the
    Redbank Copper Project in the Northern Territory.
    􀂾 Assay results returned substantial widths and high
    grades, including:
    • 44m at 7.1% Cu from 5m, including 22m at 13.22% Cu;
    and,
    • 19m at 4.91% Cu from surface.
    􀂾 Wide sulfide intercepts grading up to 6.33% Cu below pit
    floor at Sandy Flat.
    􀂾 Revised Mineral Resource estimate with a view to
    upgrade of the resource category to Indicated and
    Measured due in July 2008.
    Redbank Mines is pleased to announce the completion of a highly
    successful, 1,600 metre in-fill drilling programme at its 100%-owned
    Redbank Copper Project in the Northern Territory.
    The final 6 diamond holes of the 29 diamond and RC drill holes
    completed at the Sandy Flat, Redbank, Azurite, and Bluff deposits
    returned excellent widths and further high grades, including:
    • 44m at 7.1% Cu from 5m, including 22m at 13.22% Cu
    (Redbank Hole RB08-17);
    • 19m at 4.91% Cu from surface (Azurite Hole AZ08-30);
    • 13m at 2.41% Cu from 92m, including 5m at 4.28% Cu (Sandy
    Flat Hole SF08-02) (sulfide intersection); and
    • 41m at 1.67% Cu from 113m including 6m at 6.33% Cu (Sandy
    Flat Hole SF08-01) (sulfide intersection);
    The results include two deep holes drilled to test for sulfide
    mineralisation below the bottom of the existing pit at the Sandy Flat
    deposit, with both holes encountering sulfide mineralisation with
    good grade and continuity at up to 150m vertical depth.
    Two holes were drilled to test oxide (near surface) zones at the
    Redbank and Azurite deposits respectively, which returned wide
    intercepts with exceptionally high grades.
    Two further holes at the Bluff deposit also returned high grades// End Quote. No responsibility taken for any losses in association with this posting.

    Good luck,

    moly
 
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