It appears falcon just want out of exploration no matter what...

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mackyinoz

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20/10/16

14:41

Post #: 20002295
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Originally posted by nightflyer ↑

Here is some reference which sums up the Collurabbie project by a Falcon Shareholder way back in June 2011. FCN had limited funds to go further on with it.... Looks like nothing has eventuated since then going over the threads of information.. Rox has a fair bit of information it needs to pick up the search.....

The latest drilling was due to finish around the middle of June so we should see some results in the next month or so. However wet weather in the drilling area is likely to have delayed the program to some extent; the company has been rather silent on that issue.

While I live in hope of some amazing find being announced, as I am sure most holders do, I suspect Collurabbie will be one of those deposits which only reveals its treasures as a result of long and detailed study. My guess is that, rather than identifying new or expanded ore bodies, the results of the current drilling round will help to focus the geologist's attention on where to drill next. It will only be after several more rounds of drilling that a clearer picture merges of just what is there at Collurabbie.

Remember Falcon and its former partners have only scratched the surface there and there is a much larger area to be tested, but only after extensive preparatory work to guide the drilling.

GLTAHs

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It appears falcon just want out of exploration no matter what offer they receive. Absolute bargain for RXL, who now have money to drill the hell out of this project. Happy for RXL but an angry FCN holder. GLTA

RXL Price at posting: 1.8¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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It appears falcon just want out of exploration no matter what...

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Chaos reigns markets – so let's take stock of where we're at ahead of December

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