I spoke with Malcolm , he believes there is a 80% chance they find a porphyry deposit at Limon they have just drilled either side of it and are now targeting it in this drilling . They have solved their slow assay issue and now using a new firm . So hopefully drill results will be on their way soon.
I think the industry average of drill holes required to find a porphyry deposit is 9 so STM are going ok, just a tough market for explorers atm.
On a side note in another conversation the CEO of PXX was asked if he had to buy shares in another company that was presenting at the RRS conference what would it be and he said STM . Nice vote of confidence!!
Ann: Bramaderos Project - Phase 2 drilling commenced, page-105
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