GML gateway mining limited

40 meters 3 % copper wow, page-38

  1. 322 Posts.
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    28 October GML says "the presence of chalcopyrite throughout large sulphide intersections confirms the
    Company’s opinion that there are very significant copper systems throughout the tenement package"

    Then when the assays come out on the "large sulphide intersections":

    GRC260 - 14m @ 0.93% Cu & 2.24g/t Ag from 81m
    GRC278 – 35m @ 0.18% Cu, 0.11% Zn and 3.07g/t Ag from 125m
    GRC279 – 25m @ 0.15% Cu, 0.15% Zn and 3.35g/t Ag from 160m
    GRC280 – 20m @ 0.51% Cu & 13.77g/t Ag from 70m
    GRC281 – 25m @ 0.25% Cu & 3.75g/t Ag from 185m
    GRC282 – 15m @ 0.24% Cu & 3.08g/t Ag from 85m

    I think they built up expectations way too high. Obviously they are very good at spotting chalcopyrite, not so good at estimating economic concentrations of same.
 
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