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Bullboard - Stock Discussion Forum RESERVOIR MINERALS INC V.RMC

"Reservoir Minerals Inc is engaged in the acquisition, exploration and development of mineral properties in Serbia, Cameroon, Gabon, Macedonia and Romania."

TSXV:RMC - Post Discussion

View:
Post by jezzanzuk on Mar 22, 2013 12:41pm

RMC Sedar

Spells out how long the drilling and analysis period takes (200 days) and details how much Freeport have spent this year, $12m expended on the Brestovac permit against the budget of $6m in 2012 with 4 rigs drilling concurrently. Circa 20km(?) of drilling was completed by Freeport in 2012 and they are planning a further 25km of drilling in 2013. They note that the extent and limits of the mineralisation have still not been defined.( Hope that means they keep going out further...)
Comment by redmetal on Mar 23, 2013 7:55pm
We will all be pleasantly surprised how large this discovery is becoming. I wonder if Freeport will sign another joint venture with respect to the recently acquired land permits. 
Comment by suitcase1 on Mar 23, 2013 9:16pm
Thanks, seems like after all this drilling we are still going further out thus bigger deposit because we have not confirmed the end of our find. Looks like the drilling is not slowing down in 2013...........sure looking good so far
Comment by Tintin8 on Mar 25, 2013 9:10am
Some (personal) highlights: "The drilling footprint at the Cukaru Peki prospect is now in the order of 700 by 800 meters. One additional drill rig is currently drilling a target located 2 kilometres southeast of drill hole FMTC 1210." "The time to complete the diamond drilling of some of the deeper holes can be considerable, ranging from 120 to 150 days to complete a 1,900-metre ...more  
Comment by unluckey on Mar 25, 2013 10:27am
Personal ( assumptions )                                                    Getting better and better,this is not wheather this is a ...more  
Comment by 7heSpeculator on Mar 25, 2013 4:12pm
Unluckey, Have you ever read any of the news and information about Timok? Logistics in a mountainous area is key to elevation - it is almost flat, a sealed road runs across the property.... Potential to be one of the largest block cave mining projects - ah, no! it will not be large (check the US and Chilian projects for large), but it will be one of the highest grade, also sublevel caving, not ...more  
Comment by unluckey on Mar 25, 2013 10:58pm
Speculator , you seem to have a great sence of things in the markets which you follow If your a stock holder and supporter , would you not support your issues with comments of learned worth ?????? No I have only been a stock holder and cheer leader.
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