Spoke with the office today....
posted on
Aug 24, 2011 12:30PM
RENCORE EMERGES WITH PROVEN DISCOVERY TEAM
As you know, last week's NR stated that the first stage of the ROF drill program was starting. I was told today that the drills are actually turning now.
Anomalies REN-6C and 6E are included in the current program.
From the PDF presentation on the Rencore website....
"In general, anomalies within the Ring of Fire Area that have a significant time constant have proven to be associated with sulphide mineralization.
The Eagle One nickel deposit had an associated time constant of just under 4 msec.
Anomalies within areas Ren-6 and Ren-8 have similar time constants and present excellent exploration targets from an airborne electromagnetic perspective.
The conductors 6-C and 6-E are recommended for investigation on a first priority basis.
.................
If you are invested in Rencore, or are considering investing, I suggest you review the VTEM surveys on the website.
Also, at the AGM, I was told that the company's plan was to get in a position where they could have a continuous flow of news. I believe last week's NR was the start.
My guesses (and these are just guesses) for upcoming news over the near to medium term are as follows:
- assay results from the Lizar project
- completion of a Memorandum of Understanding with the Kasabonika Lake First Nations community
- expansion of the drill program to include the rest of the REN-8 anomalies
- a move to the Venture exchange
- initial results form the ROF drilling....possibly visuals, if expectations are met
Good luck, all.
Holding with confidence,
Canseco