Ann: CYM:HIGH-GRADE COPPER SURFACE SAMPLES AT THE CUE COPPER PROJ, page-33

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wolfofbridgest

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08/07/20

15:19

Post #: 45726253
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Originally posted by Hotrock1: ↑

Just spotted this stock's announcement. I would not get too excited about the rock chip grades.

The copper and other anomalous metals (except Gold) are due to oxidised surface layers containing Iron and Manganese (looks like dark chocolate,dark grey coloured gossanous rock) these elements act together to enrich/concentrate the lower grade mineralised rocks above the unweathered zone by scavenging copper/Zinc etc out of the country rock ... unweathered rocks are typically about 30+mtrs below surface. It's called the Supergene enrichment process.Google it.

If you have enough areal extent of it that can maintain those supergene enriched assays in a 10 metre deep trench running for 500+ metres x 200 metres wide, then you could start cheering. It would give you a minimum of ~ 2.8 mill tonne of open cut ore with a strip ratio of zero. Give it a very highly optimistic grade of 5% oxidised copper (easily leachable) and you will wind up with circa 140,000 tonne of contained copper. You work out the rest in end value Dollars.

Excited yet ??? Yep you should be, if you believed it.

Here's the not so good news ... I and countless other copper explorers have been searching for a very long time and have never found such a deposit.Maybe there were deposits like this in the 1000 years prior to the modern age, but they have all been dug up.The easy copper does not exist anymore.

We (my private company) have far better supergene grades than are mentioned in the announcement, but a few hundred tonne of the stuff just doesn't cut it. You could make a fair bit selling the stuff off on the specimen curio trading sites .. but it won't pay the running costs of a public company.

The gold however may be worth chasing.It is not concentrated by the Iron/Manganese scavenger effect.

Best bet is to trench the anomalous areas mentioned to 5 metres and follow the mineralisation, map it, run some geophysics over it then work out the right targets to drill. You never know, there could be a big sulphide mother lode 200+ metres waiting for you well below the gossans at surface.

What does the Molybdenum in the samples look like ?The company Geo's should know why I mention this .. did they test for other marker elements for clues about what's happening below.

Good luck with it. You never know what lies beneath. At least the supergene minerals are there, that's a good start.

Cheers

HR

DYOR.

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I'm not excited by rock chips - I don't think anybody here really is - other than to say it's yet another string in the bow for MGV

But I do get excited by 85m @ 11.6g/t from 7m all the while a large institutional money manager is backing up the truck

MGV Price at posting: 58.5¢ Sentiment: Buy Disclosure: Held
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