Ann: 6km copper target at Luanshya Project firms up, page-14

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05/09/20

07:35

Post #: 47107422
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Originally posted by HoldingPattern: ↑

As a very bullish CCZ holder I do have a couple of queries regarding these results from Zambia.

I am somewhat cautious when I see directors saying they're "encouraged" by soil/drill results. From other observations that has generally meant they're not that encouraged!

Any Geo's here? Are surface soil samples always recorded in PPM? Or, is PPM generally used when grades are below what could be reasonably recorded in g/t? As they're surface samples is it too early to know, or be concerned either way?

Are very early indicators for Zambia underwhelming when considered on a standalone basis?

To that end, I am fully aware the companies main focus (and I'm guessing all of our focus!) is our pending drilling campaign in MT Isa in QLD. The potential scale and quality of what we may be sitting on there, based on early indications, could be substantial and with a surging copper price I am dreaming of CCZ becoming a mid-tier producer.

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Hi @HoldingPattern
there are 1 million grams in a tonne so ppm is the same as gpt.
1000g to a kg, 1000kg to the metric t.

they would typically use ppm for less than 1gpt. But that’s not a bad thing as these are sampling results or background traces in soil. Definitely anomalous and I’ll be keeping an eye on it for the exploration campaign.

CCZ Price at posting: 4.7¢ Sentiment: Buy Disclosure: Not Held
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