RIE 0.00% 0.2¢ riedel resources limited

There is a lot in the announcement. Won't paste it all but I...

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  1. 10,010 Posts.
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    There is a lot in the announcement.

    Won't paste it all but I think you have to read all the announcements so far to understand what they are doing here.

    Similar to EUC but I think this project has more promise.

    Everything is lining up.

    “We are highly encouraged that the most recent assay results validate the high grades achieved from previous selective sampling completed at the site of the La Profunda Mine.   
    “Importantly, the presence of such high grade mineralisation in the margins of the old workings gives us great confidence in our upcoming maiden drilling programme, which has been designed to test multiple high priority targets defined within the Profunda Mine Prospect area.”


    The tenor and nature of the samples collected is important in:

    • highlighting the broader exploration opportunity which exists in the project area;

    • providing more detailed information about the local structural setting of the vein-type mineralisation that may mirror the broader, regional structural setting that likely controls the location of other undiscovered polymetallic minerals deposits; and

    the identification of peripheral oxide-type vein material elsewhere in the project area, such as that recognised at La Cuevona, might logically be expected to be associated with other non-outcropping, undiscovered Profunda-Type Cu-Co-Ni deposits which likely exist elsewhere in the Cármenes Project area.
    This work therefore provides another excellent exploration tool to compliment the geophysical, geochemical and ground mapping techniques currently being implemented throughout the project area.
 
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