RNI NL ASX Announcement 18 January 2016
As outlined in the ASX releases of 23 December 2015 and 11 January 2016, the latest phase involves a 205- hole aircore drilling program at key copper-gold targets at RNI's Forrest and Morck's Well projects (Figure 1).
Drilling has commenced at the Tempest EM11 target at Forrest. The aircore program will also involve drilling of the Tempest EM2 and the Forrest-Wodger VHMS Trend1 at Forrest and the Big Red1 target at Morck's Well (Figure 1).
The 205-hole aircore program is designed to penetrate the transported cover and provide a platform for targeted follow-up drilling and exploration.
Figure 1: RNI's Bryah Basin copper-gold portfolio showing locations of priority prospects being targeted in the drilling and exploration program at the Doolgunna, Morck's Well and Forrest Projects
1RNI 80%; Fe Ltd 20%
RNI NL ABN 77 085 806 284
34 Bagot Road Subiaco Western Australia 6008 PO Box 298 West Perth WA 6872 T +61 8 9489 9200 F +61 8 9489 9201 E general@rninl.com.au W rninl.com.au
BRYAH BASIN DRILLING RESUMES 18 JANUARY 2016P a g e | 2
RNI is awaiting initial assay results from the first phase of its 24,000 metre Bryah Basin drilling program, which involved reverse circulation (RC) and aircore drilling at the Cuba, Jerry's, Marty's Patch and Maguire targets at the Doolgunna Project and the Citra1, EM21 and Limestone targets at Morck's Well (See ASX announcements 23 December 2015 and 11 January 2016).
The assay results from this first phase program, along with geological analysis and down hole electromagnetic (DHEM) data, will be used to plan follow-up drilling programs scheduled for later this quarter.
For further information, contact:
Tel: +61-8 9489 9200
RNI NL is a well-funded ASX-listed company exploring for high-grade VHMS copper-gold discoveries in Western Australia's highly-prospective Bryah Basin region.
RNI has consolidated a 1,258km2 copper-gold exploration portfolio in the Bryah Basin divided into five well- defined project areas - Doolgunna, Morck's Well, Forrest, Cashmans and Horseshoe Well.
The Company launched an extensive drilling and exploration program in November 2015 which will include
~24,000m of drilling across priority targets.
RNI is headed by an experienced board and management team.
RNI NL ABN 77 085 806 284
BRYAH BASIN DRILLING RESUMES 18 JANUARY 2016P a g e | 3
Information in this announcement that relates to exploration results is based on and fairly represents information and supporting documentation prepared and compiled by Albert Thamm BSc (Hons) MSc, F.Aus.IMM (CP) who is a Corporate Member of the Australasian Institute of Mining and Metallurgy.
The information in this announcement that relates to previously released exploration was first disclosed under the JORC Code 2004. It has not been updated to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported and is based on and fairly represents information and supporting documentation prepared and compiled by Albert Thamm BSc (Hons) MSc, who is a Corporate Member of the Australasian Institute of Mining and Metallurgy.
Mr Thamm is a consultant to RNI NL. Mr Thamm has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves. Mr Thamm consents to the inclusion in the announcement of the matters based on this information in the form and context in which it appears.
This announcement is for information purposes only. Neither this document nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction.
This announcement may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction. This document does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this representation are not intended to represent recommendations of particular investments to particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments. No responsibility for any errors or omissions from this document arising out of negligence or otherwise is accepted.
This announcement does include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of RNI. Actual values, results, outcomes or events may be materially different to those expressed or implied in this announcement. Given these uncertainties, recipients are cautioned not to place reliance on forward-looking statements. Any forward-looking statements in this announcement speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and ASX Listing Rules, RNI does not undertake any obligation to update or revise any information or any of the forward-looking statements in this announcement or any changes in events, conditions or circumstances on which any such forward- looking statement is based.
RNI NL ABN 77 085 806 284
RNI NL issued this content on 2016-01-18 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-18 08:10:02 UTC
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