Assays remain pending for ~12,600 drill samples submitted.Perhaps starting this week or if not then next week, we will be receiving a stream of drilling results delivered regularly,
They will continue right through April and May and perhaps into June.
At least 60% of these results are from definition rather than exploration drilling.
Definition drilling follows up hits and designed to confirm and refine the resource.
They are far more likely to be high-grade hits than exploration results.
For example, the discovery Prospect has had impressive hits such as RXDD175: 5.72m @ 10.90g/t from 285.4m incl: 2.05m @ 24.15g/t from 286.8m.
Drilling results pending will have tested down plunge and confirmed the resource to meet the JORC standard to be included in the MRE.
Interceptor definition drilling is likely to confirm a shallow resource that can be cheaply mined in a pit.
Youanmi Main Drilling is from the North of Youanmi Main and will confirm high-grade shoots into areas outside the current resource. The last results included 9.5m @ 6.7g/t and 4.3m @ 13g/t.
United North, has delivered some excellent hits outside the previous MRE and definition drilling is highly likely to be positive,
There will be many samples from Pollard which will determine the way forward.
These results could point to a major new discovery.
If not, Rox will stop expensive deep drilling from the surface and revisit Pollard with cheaper drilling from underground drill platforms.
Ladytradr: Good points. Hawke’s Point is a prized substantial holder.
An important benefit is their technical assistance.
In effect, Rox has two teams of geos and mining engineers.
There is their own headed by renowned Exploration Manager Andrew Shaw-Stuart and also the Hawke's Point team of world-class geos and mining engineers.
There is frequent, often daily, comms between these teams.
The chance to be part of an international team makes employment at Rox very desirable and is part of the reason HP was able to recruit Nathan Stoitis.
You would have noticed that the leadership of OBM and RXL are well rewarded for their efforts.
It is a mistake to assume that greedy management is giving themselves money.
High rewards are the signature of Hawke’s Point.
They set high standards as shown in the Rox Pathway to Development timeline but offer large rewards.
DimDim: Thanks for the broker data and your analysis that investment banks keep adding.
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