Rincon Resources Ltd. (AU:RCR) has released an update.
Rincon Resources Ltd. reports a promising start to their diamond drilling program at the Pokali IOCG Prospect with significant copper intercepts, including grades up to 7.21% Cu. The company has also initiated reverse circulation drilling to explore the continuity of the copper mineralization and has identified a new gravity anomaly target named ‘Avalon’. Additionally, Rincon has raised $1.43M through an oversubscribed placement, bolstering its exploration endeavors across its West Australian assets.
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