A bit of PC info in the back of today's ann. Nothing amazing yet,.but definitely encouraging and not a duster. Sounds like the copper is below the alteration zone and diamond drill extensions needed to penetrate. Refreshing to not see.any hyperbolic language and it's.being kept professional yet optimisticDrilling across the target has proved challenging due to issues penetrating an advanced argillic clay zone (alteration zones are known to overlie large-scale porphyry systems), with several drillholes not achieving planned hole depths.
The most encouraging result was returned from drill hole PRF003, located close to the Serrano fault where clay zones mask the target along strike to the northwest. PRF003 recorded an end of hole intersection of 36m grading 0.2% CuEq (0.2% Cu, 0.1g/t Au, 0.5g/t Ag) from 290m, including 12m grading 0.4% CuEq (0.4% Cu, 0.1g/t Au, 0.4g/t Ag).
Importantly, PRF003 ended in copper mineralisation and a diamond tail is planned to extend the drill hole this quarter. Results from this first-pass RC programme will be used to refine the Company’s three-dimensional geochemical model in advance of follow-up drill design.
The next phase of drilling will aim to successfully penetrate the clay zone which is masking an area of elevated molybdenum along the Serrano fault.
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