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Rincon Resources Limited (ASX:RCR)

ALERT: Price-sensitive ASX Announcement for RCR
Current share price for RCR : $0.013 -0.005 (-27.78%)+
Announcement
Release
11 May 2026 8:53AM
Price at Release
$0.018
Full Release
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Summary
Rincon Resources Limited announced significant advancements in their exploration efforts at the Telfer South Project, particularly focusing on the Hasties Gold-Copper deposit. A major geophysical target was identified through a MobileMT airborne geophysical survey by Expert Geophysics Surveys Inc., which covered 89 line-kilometres over the area. The survey was aimed at delineating lithological contrasts, alteration systems, and structural controls on mineralisation. Key findings include a deep resistive target located 200 meters below the surface, suggesting new exploration potential south of the drilled Hasties Zone. Additional targets include conductive units at the Hasties Central prospect and resistive targets near Padion surface anomalies. The survey results provide a robust geophysical framework for further drilling and exploration to extend known mineralisation and discover new zones.
Key Points
  • Rincon Resources is focusing on the Hasties Gold-Copper deposit at Telfer South Project.
  • A MobileMT survey completed 89 line-kilometres of airborne data across the project.
  • The survey identified a deep resistive target 200 meters below the surface at the Hasties Zone.
  • Conductive units were found at Hasties Central, linked to historic high-grade samples.
  • A second resistive target was identified near Padion surface anomalies.
  • Additional targets were identified for further exploration in the coming weeks.
  • The geophysical survey enhances geological confidence for systematic drilling.
  • Rincon Resources is in a Farm-In and Joint Venture agreement with Greatland Resources.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.