To the contrary Katx Lost Financing after drilling Rusty Ridge and Handcamp
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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
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: -------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- Geo Newfie
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