Redmoor Results23 Jan 2019 21:00
Just going through the results from today - its funny normally I would be looking at these and saying they are amazing (Which they are!), butultimately its more of the same, which isn't a bad thing.
We have a 500m x 250m (125,000m2) land area that we have now quite extensively explored, theres a few gaps in there, but that should be the area that the indicated resource will refer to. A couple of holes have then shown an extension of the structure 200m to the East - that is unlikely to feature in the Resource assessment as there is a large area of explored ground between, but what it does is open up another 300m x 300m (90,000m2) area for further drilling, so in crude terms whatever the resource statement comes up, there is potential for an up to 80% uplift after further drilling. The most intriguing thing about that Western Area, is it is truly polymetallic - just a couple of intercepts (1.52%Sn, 1.37%W, 1.86%Cu at a depth of 366m below Ordnance Datum and 0.69%Sn, 5.88%W, 3.14%Cu at a depth of 381m below ordnance datum). They are astonishing grades again, but as I said unlikely to show up in the resource, in other words this one has plenty more legs!