(Up on no news)
On July 3 gold-copper explorer WTM struck into shallow, high grade mineralisation at its Spur project in NSW’s prolific Lachland Ford Belt, where major deposits such as the Newmont-owned >50Moz gold and 9.5Mt copper Cadia is hosted.
The intersections are pretty thick, with highlights of:
89m at 1.73g/t gold, 0.08% copper from 115m, including 57m at 2.5g/t gold and 0.11% copper from 115m; and
16m @ 5.59g/t gold, 0.32% copper from 156m.
The news is almost three weeks old, yet investors seem to have picked up on something.
WTM is targeting the margins of the Cargo Intrusive Complex at Spur for epithermal-porphyry mineralisation, and the initial success bodes well for ongoing exploration.
Shares are up 27.27% so far today, trading at 35c.
WTM Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
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