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RNI NL
Summary
| Project: | Doolgunna | |
|---|---|---|
| Deposit: | Cuba | |
| Location: | Australia | |
| Commodities: | Gold-Copper-Zinc-Lead-Silver-Arsenic | |
| Date: | 6/28/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-6-2016: RNI NL announces an Exploration/Drilling Update report for its Cuba deposit at the Doolgunna project. pXRF results from recent drilling incl. 6m @ 215ppm Cu from 194m (awaiting full assays). RNI NL (ASX: RNI) is pleased to provide an update on | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Albert Thamm (Not stated) | |
| ABSTRACT: | RNI NL (ASX: RNI) is pleased to provide an update on its ongoing drilling and exploration activities at the Cuba and Orient-T10 copper-gold prospects, which are part of the Company’s extensive Bryah Basin exploration portfolio in Western Australia (Figure 3). Cuba Prospect - Doolgunna Project The Cuba prospect at RNI’s Doolgunna Project is located between the high-grade DeGrussa and Monty VHMS discoveries and is hosted within the same favourable geological setting (Figures 1 and 3). RNI recently completed three RC holes - CBRC0004, CBRC0005 and CBRC0006 – as part of its ongoing Cuba drilling and exploration program before access was lost due to rains and local flooding. While drilling samples have been dispatched to the laboratory for assay, hand-held XRF results (Note: Yet to be confirmed by assay) have identified significant intersections of key pathfinder elements including anomalous copper (Refer Figure 2 and Table 1). The presence of elevated and anomalous copper, coincident with key pathfinder elements, is considered significant as these are key indicators of a proximal VHMS deposit. Significant hole deviations in the RC drilling program at Cuba hampered RNI’s efforts to reach planned drilling depths. As a result, RNI has decided that the remaining RC holes originally planned as part of the Cuba program will be replaced with a deep diamond hole of approximately 800 metres beneath the anomalous zone. Deeper diamond drilling will more accurately target the source of the VHMS anomalism, while providing key structural and lithological information from Cuba. | |
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