'The Lorraine Mine has been developed to the 6th level (800 feet). Sub-ore grade Cu-Ni mineralization traced down plunge to at least (1,500 feet) remains open at depth. Dissemminated Cu-Ni mineralization at the Blondeau Nickel showing remains virtually untested along strike and down dip.
Numerous other Cu-Ni showings and geophysical anomalies require additional testing.
Some of the 'showings' they reference grade up to 6.3% copper??
The other takeaway is that the Gold seam hit at level 6 wasn't followed back to source. Given how heavily mineralised the area is with gold, silver, nickel, platinum, copper you have to wonder what the source is?
We probably have a bit to wait before assays but I can't help but wonder if the market will wait that long before rerating these given the MC is only $9m?
CML Price at posting:
2.8¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)