Hey mate, I had a look on GeoVIEW and came across the area you talk about.
Just to let everyone know, because it stumped me at the start in the searches, but do not search Rincon Resources in GeoVIEW, it is actually Lyza Mining which must be a subsidiary of Rincon and our tenures are held in the Lyza Mining name.
The Avalon bullseye target (with similar characteristics to Luni) are those reddish blobs left of the E 80/5241 label below. Note that the anomaly looks a lot better and more defined now since the recent geophysics work by RCR, along with the gravity work. This is just the generic statewide magnetic data used in GeoView below.
I found the following 28 drill holes in the surrounding region, approx. a 3km radius of the anomaly:
I then went into WAMEX and had a look if there are any assay results for these drill holes which there are. Unfortunately, Nb was not amongst the assay suite.
A few notes:
- None of the holes went smack bang into the middle of the anomaly.
- The nearest holes were the four holes on the edge of the Avalon target anomaly - MWAC141-MWAC144
- This was an Aircore drilling program with max depths of 21m so it was shallow. The sand/alluvials in this area are around 10-30m in depth so it barely went through these. Therefore, it is hard to get an accurate idea of what is at depth in the anomaly. RC drilling and diamond drilling will be required to test the target at depth.
- Most of the assays were provided in 2m composites, no assays above 18m in depth in the 4 above holes, so likely just in the alluvials which will show the source leaching out.
- There were significant silver results in the region into the 1000ppms in many cases, 820ppm Ag in MWAC143. No substantial gold from the 4 holes above, but some anomalies regionally, high Pd results of an average approx. 6% across the region, 4.84-7.81% Pd in the 4 holes above, high Co in the region, up to 25% in some cases, 3-5% in the 4 holes above. Cu generally high 0.5-4% range regionally. 0.8-1.36% Cu in the 4 holes above. Ni, Pb were very low and not worth mentioning. High K values: 2390ppm in MWAC143. Low U around 30ppm for the 4 holes but got up to 250ppm regionally.
- No idea about Rare Earths because back in 2011 when it was drilled, REE were not the target, it was Au-Cu and therefore REE assay suits were not completed. La was the only REE undertaken, and it was low at background levels.
- IMO there is something substantial down there showing decent flows from the source.
It took a few hours of my Sunday to take a look at this but more than happy to do so to help others. Holding long on this stock personally because I love the chances of a significant discovery here amongst all our targets. Whether it is rare earths, or IOCG, it does not bother me right now. REE are strong price wise, Gold and silver are going nuts and Copper is also at all-time highs. Whatever we hit here is going to be decent IMO. We are entering a commodities super cycle and we are drilling at the perfect time.
Good luck everyone! DYOR and do not take this as investment advice.
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