These results are out of left field for a copper/gold explorer.
I definitely didn’t think that broad zones of shallow nickel and cobalt would be found.
The nickel grade though only low/middling is reasonably good as a starter - but the cobalt grade is one of the best I’ve seen. Even .1% cobalt is considered good.
25m at .40% cobalt and 62m at .27% cobalt are exceptional results.
Copper is currently 8,000USD a ton.
Nickel is 23000USD a ton.
Cobalt is 52000USD a ton. (6.5 times value of copper).
62m of .27% cobalt is equivalent to 62m of 1.755% copper.
25m of .40% cobalt is equivalent to 25m of 2.6% copper.
(This doesn’t include any nickel value)
Maybe someone with a better understanding of ores can explain what Recharge have found here?
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