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RNI NL
Summary
| Project: | Forrest | |
|---|---|---|
| Deposit: | Wodger | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Lead-Tellurium-Bismuth-Molybdenum | |
| Date: | 1/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-1-2017: RNI NL announces an Exploration/Drilling Update report for its Wodger deposit at the Forrest project. Drilling results incl. 99m @ 0.27% Cu from 7m. RNI NL (ASX:RNI) is pleased to announce the assay results from the first phase of aircore drill | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard Pugh (Internal) | |
| ABSTRACT: | RNI NL (ASX:RNI) is pleased to announce the assay results from the first phase of aircore drilling across the Forrest and Wodger prospects in the highly prospective Bryah Basin in Western Australia. A combined total of 85 aircore holes for 7,825 metres were completed across the Wodger and Forrest Prospects and were aimed at targeting the source of the modelled alteration at Wodger and to confirm a stratigraphic offset at Forrest. The observations throughout the drilling were extremely encouraging with aircore holes WRAC013 and WRAC014 (Figures 2 & 3) intersecting visible malachite and azurite (Figure 1) over several metres. The assay results from Wodger further enhance these observations and returned an extensive halo of highly anomalous VMS mineralisation ((Cu, Au, Ag, Bi, Te & Mo (Appendix 2: Table 1)) between the Ravelstone Fm sediments and the hydrothermally altered Narracoota Formation mafic volcanics. This zone is similar in style to what is seen at the Forrest Prospect and is the primary VMS horizon. These assay results are extremely encouraging and have further elevated each prospect in terms of hosting a significant VMS deposit. The VMS mineralisation at Wodger is over 1km in length and is open to the north and at depth. Second phase drilling is to commence immediately at the Wodger Prospect for a planned program of 50 holes for 5,000 metres. It is expected this program will take 3 weeks to complete with assay results to follow thereafter. | |
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