"The preliminary results indicate that Chanach is a major porphyry copper ? gold system with the initial drilling intersecting a copper rich zone.
The Chanach copper ? gold porphyry system appears to be zoned into copper rich and gold rich area?s with rock chip assays showing high grade gold at higher elevations within the project area.
The Company is particularly encouraged by the results as only a small portion of the project area has been tested with immediate success.
Integration of the recent and historical assay results indicates that mineralisation extends over several kilometres with early Russian sampling locating copper and gold mineralisation at the central and south-western outcrops of the Chanach copper-gold porphyry (Figure 2).
Recent sampling has also identified the contact between the porphyry and the adjacent limestone as a priority target with high copper and gold values associated with the contact skarn.
In addition several gossans (silicified limonitic outcrops with relict sulphide textures) have been identified from 2010 field mapping."
With copper hitting record highs last night of $9,235.25 a tonne, I wouldn't be getting too dissapointed yet, maybe the short term traders will not be impressed, but there will be plenty of shareholders quietly rubbing their hands on this 1st set of numbers, and knowing we have extensions in all directions, including depth.
Regards,
TCG
WCN Price at posting:
20.0¢ Sentiment: LT Buy Disclosure: Held
