My take on the quarterly report is it is likely Hixbar has a very similar ore body to their current pit. The old mining at Hixbar appears to have only played at the edges of the ore where it had surface expression and was above 2% copper. The EM survey extends the anomoly for 1km west of surface expression about the same as Ungay. The ore makeup is likely to be similar being so close which would suit their plant setup and if as big as Ungay would be very profitable being only a few k's from the plant. The company seems very keen to spend the exploration dollars and probably know more or strongly suspect more than they are letting on as to the Hixbar area potential.
LAF Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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