Nicely building up momentum. Some good initial insights to how...

Nicely building up momentum.

Some good initial insights to how this deposit may unfold. I like that they are seeking to test the geological bounds / overlaps between T1, T2 and T5 (what they are doing with trenches P7). Throw in the results of trench P6-3 and the mineralised area is starting to expand out nicely.

Key here is about size and scale as, in porphyry deposits, that is what will make this a viable resource (as opposed to just grades). The grades are OK for the moment - now we want to see this tested so that they can demonstrate the tonnes.

Looks like we will see some good activity on El Palmar in the next few months and have a mineral resource estimate sooner than I thought. Good timing given the US$120m that Hancock are spending on exploration at the property next door plus the "near-ology" of being on the same Toachi fault line as the Llurimagua deposit (15km away - 982Mt @ 0.89% Cu) and the "Cascabel" deposit owned by SolGold (75km away - 2.7Bt, 0.37% Cu / 0.25g/t Au).