Tuesday, July 31, 2012 9:26:34 AM
To the contrary
Katx Lost Financing
after drilling Rusty Ridge and Handcamp
_______________________________________________
Did you see this response HV..
Sorry Tinker..Hole 1 was reported
Nothing to assay..Barren
Just enough Hematite to make an anomoly
Hole RR10-01, approximately 500 meters south of RR10-02, was drilled to a depth of 719.3 meters to test a coincident gravity and magnetics anomaly. The hole intersected mafic volcanic rocks, conglomerates and mafic intrusive rocks that contain indications of sub-economic copper mineralization throughout most of the drill hole (including native copper and chalcopyrite). The conglomerate unit is also strongly hematite altered, which could explain the gravity anomaly. The upper part of the magnetics geophysical anomaly is coincident with a thick magnetic mafic dyke.
http://ih.advfn.com/p.php?pid=nmona&article=45775153
Hole 2 results were very low
especially when 4.0% is needed for a good find
HOLE 2 REE RESULTS between 30 & 40 meters
0.164% TREO (including yttrium)
0.113% LREO
0.051% HREO (including yttrium).
0.268% zirconium dioxide
0.039% Nb2O5 (niobium oxide)
0.022% rubidium
Its been gone over before
Rusty Ridge Results Need to Come "Way Up"..
One would have to think the financiers
saw the numbers for All of the second hole...
Leaving Katx not working this season
Here are the company numbers they did report..
and some numbers by the poster you quoted on what is Mineable
Comapny numbers todate
7.5 meter intersection
0.164% TREO
0.051% HREO
0.113% LREO
Really great numbers would be
4.0% TREO
2.0% HREO
Anything here would be Good to great
2.00 to 4.00% TREO (or more)
1.00 to 1.32% HREO (50% of 2.0 and 33% of 4.0)
These results are hopeful enough to justify future exploration
0.5 to 2.0% TREO
0.165 to 0.66% HERO (33% of treo)
Over thick intersections above 10m.
HREO's are very important
Quote:
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I really do not know what concentrations of the other incompatible elements would be considered good, but at this point I just want to see high TREO (at least 2%) with half of that being HREOs.
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Geo Newfie
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"Texas" Weeeeeeeeeeeeeeeee LMFAO
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