RDM 3.13% 16.5¢ red metal limited

Some info ......

  1. 399 Posts.
    lightbulb Created with Sketch. 52
    I asked Rob about the plan with Maronan and what direction they will take on successful or disappointing results and here is his reply....

    MRN14008 which is in progress aims to test our ability to predict the down plunge extent of the better mineralisation in MRN13002 and MRN14002 and MRN14007. Should it prove successful with the grades equivalent to those in MRN13002 and the widths of MRN14002 then it should (assuming the market gets behind the result) lead to further step-out holes following it further down plunge. If disappointing then the only remaining potential is deep for both the silver-lead and separate copper-gold and we would most likely have to seek JV involvement to fund this given the current state of the market.

    Independent of Maronan, we plan to kick off the 2015 field season by drilling some nice Tennant Creek style magnetic targets located under shallow cover. These are low cost exploration tests but high value prizes if they come in.
 
watchlist Created with Sketch. Add RDM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.