RED 5.42% 39.3¢ red 5 limited

Potential for mineralisation in the slip area

  1. 107 Posts.
    From 2012 Annual report P8

    The discovery of a previously undrilled high grade structure
    in the north east of the Siana pit cutback was investigated.
    This mineralisation represents one of the Eastern Panels,
    likely to be Panel 8, which was unable to be drilled due to
    unstable ground in that area. Channel sampling in the
    cutback in that area revealed high grade assays with
    several samples over 100g/t gold with one sample
    assaying 847g/t gold. SMDD154 and SMDD155
    were drilled targeting this structure with
    SMDD154 intersecting a zone of low grade
    mineralisation. Drilling activity was
    terminated due to increased mobile
    fleet movements around the pit as
    production commenced.

    To me this is very interesting - perhaps there is some reason to be hopeful the cutback will uncover further mineralisation
 
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