Market seems to have focussed solely on grade and missed the following from the announcement;
Skarn and porphyry systems often present a base metal zonation away from higher grade copper mineralisation. The presence of the broad zone of anomalous base metals within this major regional structure is significant as it provides valuable geochemical information which can assist vectoring towards a potential source of the high-grade copper mineralisation at the Oracle Ridge mine. A structural and geochemical review in areas around Oracle Ridge is being planned to further interpret these results and identify additional exploration targets.
Could they be close to the porphyry? I think this is important hole because it gives them better understanding of the deposit. A pity is was buried so far down in the announcement.
EM2 Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
