Indicative drilling results (until verified in lab tests) look like we are heading in the right direction for the geological modelling (i.e. where geologist believes gold and copper was pushed up through earth's crust via hot fluids a few hundred million years ago). I also had a chat with geologist last year and his enthusiasm matched the description of the potential resource at Blue Hills.
Adjacent areas are known to have good copper and gold discoveries, and is ticking a lot of boxes so far. It is interesting that drill results indicate a layer of graphite is found near the surface and could also be a valuable by-product and improve the economics of a possible mining project. This could be a long shot, but interesting idea as AXE already has a graphite project underway.
Good luck to investors exercising options lately.
AXE Price at posting:
7.7¢ Sentiment: Hold Disclosure: Held
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