~100 drills in ~100M2 - material change from PRE?, page-27

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RussianRoolet

3,204 Posts.

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09/06/16

15:51

Post #: 17997647
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Originally posted by The Mole ↑

I posted on 6/6/16 at 10:31 the following:

"I have just checked RCF's announcement last year on the drilling they did then (ASX 4 March 2015) and the drilling was done in tenements M37/1295 and M37/1276.

This 2016 drilling has been done only in M37/1276 refer page 8 first box.

On checking the grid lines for the 2015 drilling it was between 6,842,000mN and 6,842,400mN.

The latest drilling has been carried out 6,838,220N to 6,838,340mN. This s new area for NTM(RCF)."

Firstly it has JORC 2012 documentation - whether it complies with the requirement of JORC 2012, I am unable to comment.

The 6th June announcement was badly announced by NTM in that the recent drill holes were not near the drill holes noted in the RCF March 2015 announcement.

Maybe they didn't know that the drill holes are in a different place - just too excited to get the results out. Speeding ticket???

NTM/RCF have only drilled 10 holes in this last round. This is confirmed in the announcement with the Hole Nos and also on the plan where there are only 10 new holes.

The previous drilling shown on the plan appears to have been done in the 1990's by Sons of Gwalia, etc.. If you have access to GEOView on WA Dept of Mines and Petroleum you can view the historic drill holes.

NTM/RCF may have been going through the 1990's drilling and found some good results and decided to carry out drilling there.

As one respondent noted to my 6/6/16 post that gold was not $US1240 then which was probably the reason a gold mine was not developed at that time.

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You cannot be serious!

There are literally ~100 drill holes so close to each other that there will be no material difference.

The last round of drills really did not prove anything overly material that PRE, then RCF, then NTM really did not already know.

They are not even JORC 2012 Compliant!!!

IMO that is why the Director sold out well above market and the probably CR price.

NTM Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
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~100 drills in ~100M2 - material change from PRE?, page-27

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