RXL 3.13% 15.5¢ rox resources limited

Ann: Rox Acquires Collurabbie Nickel-Gold Project,FCN-RXL.AX, page-8

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  1. 659 Posts.
    lightbulb Created with Sketch. 4
    nightflyer re : " The latest drilling was due to finish around the middle of June so we should see some results in the next month or so"
    Your post implies that this is drilling by Falcon yet their april quarterly says "no field work undertaken
    on the company's mineral projects" and their june quarterly says "no major field activities completed"





    The following is from Falcon's Nov 2015 presentation and also mentions no 2015 field work.
    •200 km north of Laverton in the Duketon Greenstone Belt, WA
    •Contains the Olympia Ni-Cu-PGE Prospect & other significant base metals hits
    •Olympia Exploration Target – based on high volume of drilling Hanging Wall: 150,000 - 200,000 t at 1.5-2.0% Ni, 1.1-2.0% Cu, 2-3 g/t PGE Footwall: 600,000 -700,000 t at 0.4-0.6% Ni, 0.3-0.4% Cu, 0.4-0.6 g/t PGE An Exploration Target is a statement or estimate of the exploration potential of a mineral deposit in a defined geological setting where the statement or estimate, quoted as a range of tonnes and a range of grade (or quality), relates to mineralisation for which there has been insufficient exploration to estimate a Mineral Resource.
    •No field work in 2015
    •Targets Several other Ni-Cu prospects Au potential – several untested gold anomalies
 
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