From
Making the grade: understanding exploration results
https://www.mining.com/web/making-the-grade-understanding-exploration-results/
COPPER: Anything over 100 metres and 1% copper equivalent or better is considered to be high-grade. For example, Serengeti Resources announced 119.6 metres of 0.9% copper equivalent (copper plus gold values added together) at depths from 180 to 300 metres. The stock then increased from $0.30 to $1.50 after those drilling results were reported.
Ann: HIGH GRADE COPPER ASSAYS CONTINUE AT CONSTELLATION, page-13
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