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RDM, RED METAL LIMITED
blacksheep
post Posted: Dec 4 2017, 01:32 PM
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MMG, of Century Mine and more recently Dugald River Mine, getting involved in this junior

MALLAPUNYAH ZINC JOINT VENTURE
QUOTE
Red Metal is pleased to announce it has advanced the prospective Mallapunyah
zinc project located in the McArthur Basin region of the Northern Territory
(Figure 1), with the execution of an option and joint venture agreement with
MMG Exploration Pty Ltd, a subsidiary of global miner MMG Limited (MMG).
Red Metal is excited by the entry of such a high quality joint venture partner on
a project the company believes holds much promise.

MMG bring strong local mining expertise having recently commissioned the
large Dugald River zinc-lead-silver mine in Northwest Queensland and
previously owned the giant Century zinc-lead-silver operation (Figure 2).
Importantly, MMG have active zinc exploration programs in the McArthur Basin
region and good working relationships with the local communities.

Under the Mallapunyah agreement MMG will finalize land access negotiations
towards grant of the tenement. Once granted MMG will have the right to earn
70% of the project by completing a bankable feasibility study within seven
years. Red Metal will be free carried to a decision to mine.

During the option period MMG can vest a 60% interest in the project by
spending $4M within the first five years from grant of the tenement and
electing to advance the project towards feasibility. MMG have committed to a
minimum exploration expenditure of $250,000 per year during this period.

Exploration on the Mallapunyah project targets zinc-lead-silver deposits similar
to the giant McArthur River and Century mines as well as sedimentary-hosted
styles of copper mineralisation. Recent success on the Teena project by Teck
has highlighted the potential for additional deposits within this fertile terrain.

Attached Image





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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
marcusd
post Posted: Oct 8 2007, 09:06 PM
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Posts: 99


In reply to: marcusd on Thursday 02/08/07 08:29pm

todays ann saw a 15 % jump in SP

Maronan Project Silver, Lead, Zinc
(100% Red Metal , BHP Billiton earning 70%)
BHP Billiton is currently testing a range of Broken Hill/Cannington-type targets on the Maronan joint venture project located about ninety kilometres north of its Cannington operation. Drilling is targeting the depth extension of two parallel lead-silver mineralised banded iron formation (BIF) horizons. The first two holes in the 2007 program intersected significant widths, of moderate to highgrade lead-silver mineralisation (reported in announcements dated 4 June and 27 June, 2007).
Recent assay results from drill holes MRN07003B and MRN07004A returned moderate grades and widths of lead mineralisation and local high grade zones of silver mineralisation including 6.11 metres at 7.26% lead, 84g/t silver from 832metres in the upper BIF and two metres at 440g/t silver and 4.8% lead from 828 metres in the lower BIF (Table 1 and Figure 1). These wide spaced holes have confirmed the significant vertical and lateral continuity of the mineralisation in both the upper and lower BIF horizons. Recent down hole electromagnetic surveying (DHEM) has identified significant off-hole conductors
in holes MRN06002 and MRN07002 which may relate to zones of semi-massive pyrrhotite-leadsilver mineralisation similar to that in MRN07001. DHEM surveying also indicates the conductor relating to the high-grade silver mineralisation from the lower BIF in MRN07003 continues down dip. Three dimensional modelling and geological interpretation to help target further drilling are in progress.

in ventures with both RIO and BHP. DYOR laughingsmiley.gif

 
marcusd
post Posted: Aug 2 2007, 08:29 PM
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Posts: 99


In reply to: marcusd on Monday 04/06/07 11:27pm

grabbed this from HC:

Recognition of the potential for Sedimentary Hosted uranium deposit types in new target settings has lead to an expanded uranium focus in South Australia and the Northern Territory. Roll-front type uranium targets in a similar geological setting to the Beverley Uranium Mine and Four Mile Prospect have been defined on the Lakes Project and Algebuckina Project.

A widely spaced regional drilling program on the Algebuckina Project has identified anomalous levels of uranium and vanadium mineralisation in targeted Mesozoic sedimentary units and the underlying weathered basement rocks, which support target models. Results from this first pass program are considered encouraging given the wide drill spacing and anomalous uranium and vanadium values are also observed in target units surrounding the Beverley uranium mine and Four Mile prospect. Airborne EM surveys are scheduled for August 2007 to map basement topography and potential uranium trap sites in preparation for drilling.

biggrin.gif

 
marcusd
post Posted: Jun 4 2007, 11:27 PM
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In reply to: marcusd on Friday 01/06/07 12:13am

RDM keeps the good news coming. BHP drilling shows up strong silver find and lifts the share price by more than 10% tongue.gif Has exposure to U. This stock lacks the hype of so many u stocks DYOR this is worth a look tongue.gif

 
marcusd
post Posted: Jun 1 2007, 12:13 AM
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In reply to: marcusd on Thursday 26/04/07 06:46pm

trading halt-Ill take a punt on a JV announcement tongue.gif

 
marcusd
post Posted: Apr 26 2007, 06:46 PM
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In reply to: Ploutos on Thursday 26/04/07 06:01pm

tongue.gif so pleased with myself RDM was my first u stock. now for some good news out of QLD political or exploration would be great.

 

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Ploutos
post Posted: Apr 26 2007, 06:01 PM
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QUOTE
  Announcement today was positive, they have a very attractive portfolio.


They seem to have a lot of projects going, the opportunities are just being realized

 
chariot20030
post Posted: Apr 26 2007, 05:05 PM
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In reply to: Dan1 on Thursday 26/04/07 04:52pm

Announcement today was positive, they have a very attractive portfolio.

 
Dan1
post Posted: Apr 26 2007, 04:52 PM
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In reply to: Ploutos on Thursday 26/04/07 04:50pm

Be interesting to see what the 3rd Quarter activities report says as its due by Monday 30th

 
Ploutos
post Posted: Apr 26 2007, 04:50 PM
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In reply to: chariot20030 on Thursday 26/04/07 10:09am

Should be another big day tomorrow. Big breakout.

 
 


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