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RNI NL
Summary
| Project: | Forrest | |
|---|---|---|
| Deposit: | Wodger | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Lead-Tellurium-Bismuth-Molybdenum | |
| Date: | 3/9/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-3-2017: RNI NL announces an Exploration/Drilling Update report for its Wodger deposit at the Forrest project. Drilling results incl. 122m @ 0.35% Cu from 4m. RNI NL (ASX:RNI) is pleased to advise the Wodger prospect has been confirmed as the priority pr | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard Pugh (Internal) | |
| ABSTRACT: | RNI NL (ASX:RNI) is pleased to advise the Wodger prospect has been confirmed as the priority prospect in the Company’s Bryah Basin exploration portfolio with the latest infill and extensional drilling extending the known mineralised VMS horizon to 1.4 km in length. At Wodger, part of the Forrest Project, a further 50 aircore holes for a total of 4,970 metres were completed to define the full extent of VMS mineralisation. The observations throughout the second phase of drilling were extremely encouraging with several aircore holes intersecting weathered pyrite sulphides and one hole (WRAC109) intersecting several metres of visible malachite. This hole returned significant VMS mineralisation with copper values of 4m @ 4.73% within a broader halo of 25m @ 1.1%. This intercept is 230m south east along strike from the previously announced 9m @ 1.30% Cu (see ASX announcement 16 January 2017 and Figure 1), which confirms the potential size and scale of this mineralised system. The assay results from all the drilling completed at Wodger are currently being interpreted by Dr Nigel Brand (Geochemical Services Pty Ltd). This resultant model, coupled with the re-processing of the geophysical datasets across the full extent of the Forrest Project Area will aid the design of an intensive follow-up program of work to hone in on the fresh sulphide source and pinpoint priority targets for the next round of deeper drilling. RNI Executive Director, Debbie Fullarton said “We are extremely encouraged by these developments which enhances the Wodger Prospect as well as the prospectivity of the greater Forrest Project Area. Our structured and systematic approach will ensure we can maximize the enormous strategic value of our landholding.” | |
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