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clock Created with Sketch. 05/09/23
06:43
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Originally posted by BearBearss:
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The best drill hole I have ever seen and read was Ivanhoe ~ .3m of 88.2% copper - so when you see a core with ~.3 of 42% copper in it, sitting on the top of a sedimentary system, that tells you something folks. Hold tight as the game to suck out retail shares begins as when a major discovery is found they will get most of em from ya. Also it took Ivanhoe 6 years of drilling to find the source/that core (look up Ivanhoe K-K core for a gander at what near pure copper looks like - this from the prize Kakula mine which they found after Kamoa).High copper grades in supergene and hypogene mineralization Grades and widths discovered at Kamoa are similar to those of the sediment-hosted stratiform copper deposits of the Ore Shale and Mine Series that historically have been mined in the Zambian and Congolese Copperbelts. The Kamoa mineralization broadly is of two types: primary mineralization below the zone of surficial weathering, and secondary mineralization at shallow depths. The primary mineralization shares many attributes with other stratiform copper deposits, including vertical zoning of disseminated copper sulphide minerals from chalcocite to bornite to chalcopyrite, association with cobalt, silver, zinc and lead mineralization, and the presence of a pyritic hangingwall. The secondary mineralization is dominated by chalcocite, and has higher copper values due to supergene enrichment (upgrading) during the weathering process. This type of mineralization occurs at depths of less than 200 meters and is a prime target for delineation drilling of potential open-pit resources.
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Well said Bear. The expert geologists understand the project. We had dozens of drillholes all intersect copper at least 1-2%, so this whole end of the island is full of copper, and this is just the scoop up stuff to fund the massive copper belt below. It will take a while to drill out laterally and make it clear to the whole market.
(20min delay)