$7 Million cash. Low MC Drilling in Elephant country for Copper. Visual Copper in assay cores. Copper sulphides, sometimes locally abundant, have been observed during logging of the first two holes completed from surface down to 362m (in hole 1) and 444m (in hole 2). Assay results pending in next 4 wks. The drill rig has now moved and commenced drilling at the third planned hole (MODD003). This drillhole is targeting the heart of the interpreted IP chargeability geophysical anomaly, which we believe may represent a feeder structure for the extensive manto-style copper mineralisation found closer to surface at Mostazal and drilled in our first two holes. Expecting an update on visuals for Hole 3 in coming weeks.
