CHN 0.95% $1.57 chalice mining limited

Redcloud Chalice Update, page-16

  1. 345 Posts.
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    Yes, Rhodium is at Julimar... not much yet, but they hit it first go with JRC001:
    After the first announcement in March, when assays for all the PGEs had been sent away but were still pending, I asked Alex after one of the investor presentations if he knew Rhodium was in the mix. He nodded but said he had no idea how much yet.

    Then in April 2020:
    They announced initial Palladium-Copper-Nickel-Gold results for JRC001, but also explained what the OTHER PGE's were - including rhodium - and said that their results for those were still pending. They take about 2 months longer, it seems (or at least they did at that stage of covid lockdowns).

    Then in May they reported more thorough results for JRC001 when it was still only 150m deep, specifically:
    25m @ 8.50g/t Pd, 0.91g/t Pt, 0.13g/t Au, 0.02g/t Ir, 0.005g/t Os, 0.09g/t Rh, 0.02g/t Ru (9.68g/t 7E), 2.02% Ni, 0.88% Cu, 0.11% Co from 46m

    (See bottom of Page 4 of Announcement May 11th 2020 for more details.)

    Since then, results have gone deeper, wider, longer...

    So if it's true that Rhodium is most commonly found deeper with Palladium-Nickel-Copper, it seems likely they'd find more, and need to wait a bit longer for those results to come back too.

    Or else, how unlucky would they need to be to find it shallow in the first hole and nowhere else in the whole 26km stretch?

    https://chalicemining.com/sites/default/files/asx-announcements/6978614.pdf







 
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