CPM cooper metals limited

Ann: RC drilling program expanded at Mt Isa East Cu-Au Project, page-4

  1. 2,850 Posts.
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    I see this as a very understated announcement. This has confirmed that they are contacting a significant enough copper body to get excited about. They have XRF capability on-site to guide, but have kept the readings under wraps. Now, XRF can be a pretty wild tool in terms of accuracy but it's great as a guide, so on the assumption that they're seeing significant enough copper grades (which I assume is the case based on the 50% expansion of the program) then I'm pretty keen to see the expedited results (another reason for excitement).

    The Cooper Board has made the key decision to expand the original drill program by around 50% to continue to follow the host shear zone further along strike and down dip. The Company expects the current program to finish in early September, with the remainder of the drill samples to be priority processed through the laboratory.

    @Hotrock1 interested to hear your views. Very light-on in terms of detail so there might not be much more than can be added aside from 'wait and see'
 
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