RNXHave done some serious DD this weekend and am even more blown away by the upside here. I detest high share price projections, Lambo talk, BS worries about when news is coming etc.
There has not been a discovery like this, likely ever. Not in an existing mine site, with full operating infrastructure, at these grades. If these next two blast totals come in over 10,000 ounces, the market will have three extreme loads taken out of the Father’s Day Vein. If the loads are 15 or 20,000 ounces it will be shocking, and if 30,000 ounces, every miner and every Gold Company on Earth is going to stop their day and read the news.
Blast number one was lighter in Ounces due to basalt pre strike, and was not likely a full blast of ore as they didn’t know it was there. So 9,000 unbelievable ounces then became 24,000, and this wasn’t even a full load. What will a full load be? There are 200 meters of strike, and keep in mind this is a vein, not the shear zone, that “Wall of Gold (WOG)” could be a reality as they move toward the Shear Zone. There are four shear zones and thousands of drill holes that have intersected many high grade gold intervals (veins) at Beta Hunt.
The four shear zones are important, but equally important is understanding that this environment is highly conducive to veining. And not just veining, this is extreme high grade veining from the sulphur layer interacting with the water and Au in the water. The Basalt is highly fractured as the dome pushes up. The fractures become the veins, and the veins fill with quartz and coarse gold that “crystallizes” on the quartz and rock. This 200 meter Father’s Day Vein, at grades up to 30,000 Au ounces per blast (161 tons) is very likely going to be repeatable several if not many times IMO.
Absolutely perfect geology has resulted in a dizzying discovery that can barely even be comprehended at this point. I don’t give a darn when news comes, look at the wall pictures of the blasts, the veins continue and anyone with half a brain better have shares in this company.
Extremely bullish and very long. Best of luck to everyone, and congrats RNX, this is the top discovery ever IMO.