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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 by User

Comment by rob926on May 11, 2014 10:53am
254 Views
Post# 22548571

RE:RE:RE:Updated corporate presentation.....

RE:RE:RE:Updated corporate presentation.....I did not hear about any drilling by Freeport but they did do magnetic and grab samples over a very large area. I'm not a geoligist but I did listen in on the conferrence call about the new lease and he talked about how it is on trend with the Bor complex north of it and has the same source rock. No talk if they found any surface copper but they indicated that the source rock was probably shallower over there. I don't know if it is because in our own holes it is rising as we drill East. There is also a hole that at one time was drilled quite a bit further East than our current discovery. I would be surprised (pleasently) if there was copper found on surface since all the holes up to this point (I think) all have been blind attempts from magnetic surveying. I was told this piece of property has no records of ever being drilled prior to Reservopir getting the license. If there is a new discovery chances are it could be closer to surface and if close enough an open pit mine would be just incredible. The geoligy had to be incredible for them to go back on their basic philosophy of never drilling your own prospect. They have been pounding the table about how they are a resource generator company. They have a bunch of information they are working on about the new lease and will be making it public hopefully within a couple weeks. For speculation I'll bet after Freeport did their illegal work on the property they probably wanted another JV and was turned down by Reservoir.
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