Hi All,
I had a chat with someone from Rio on the weekend who is in the inner circle for Winnu. He couldn't reveal more than what has been released. [He cant even tell other Rio employees] But we did have a good chat so here are some of the facts from his point of view.
- Paterson Range is well situated to world markets, is flat compared to Chile and other copper provinces, is more more stable than Africa, close to Port Headland [Port Facilities] and Rio believe copper has a bright future.
- They found copper with the very last drill hole of the season, so they were only hours away from missing it, a 100 meters ether side may also have missed. So for the nervous nellies finding a mine is very hard. The trucks and rigs were literally packed up and ready to leave.
- The Domes RDM are excited about are very similar to what Rio used to target their drilling and along strike. No guarantee but intriguing all the same. He could/would not say if RIO tried to get our tenements but agrees they are interesting.
- Because of all the things in point 1. We don't have to find a monster to have a profitable mine. But a monster would be nice.
- There will be a lot more info about Winnu released when they are ready, but that time is difficult to calculate at this time. They still have restrictions on what they can say.
- Don't discount more gold being found. I worked in Telfer in the 80s and its still going.
What I took away is just how hit and miss exploration can be but the Paterson Range is the talk of the mining world at the moment.
All the Best
Pete
GLTAH
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