Rhumb conducted a soils survey of ~400 samples In late September / early October 2022
- To cover 14 major targets indicated by magnetics and previous soils results in EPMs 27920, 27922 and 27924.
- Soils sent to ALS for Ionic leach ME-MS61r testing designed to detect mineral under cover.
Our interpretation
- The first soils sample program has confirmed three significant targets that deserve further exploration effort.
- Two of those target areas are geographically extensive and the anomalous results are significant.
- With further interpretation of the results over the next few weeks and a focus on those areas in the 2023 Exploration Plan to be completed before the exploration season which will commence most likely in late March.
- the southern target area of EPM27922, which is also covered in the soils program for EPM 28319 whose results have yet to be received, appears to be a standout target and we are confident will yield further significant results.
Full details in the Shareholder Update
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