Ann: CHK raises $1.6 million to accelerate Exploration Activities, page-23

Yep this is what's it's all about and CHK with a MC less than $9 Million currently and moving to 80% ownership of tenements in near term!

Some amazing research on the CHK thread guys, keep the good news flowing.....

"But the intersection of copper grades of more than 6 per cent over a length of 180m were described by PAC Partners senior analyst Andrew Shearer as “pretty amazing’’.

David Upton, said: “This is the most phenomenal drill hit anywhere in the world in many years.

“BHP might be making cautious statements about the discovery, but the fact they felt obliged to release this news says it all.

“This discovery is so good it could be material to the share price of the world’s biggest miner.

“As a discovery hole, it even dwarfs Olympic Dam, which announced itself in 1976 when drill hole RD10 assayed 170m at 2.12 per cent copper.’’

“The economic benefits will start flowing to South Australia right away as BHP sends a fleet of rigs in early 2019 to drill more holes into the massive discovery,'' Mr Upton said.

BHP said drilling would start again early in 2019, and typically, assays from such drilling would be tested later the same year.

“These world-class results reinforce that the region has the potential to host more Olympic Dam and Prominent Hill-style deposits,’’ he said.“What is really interesting is that the reinterpretation and deeper drilling of an old prospect has delivered these outstanding grades."

“This opens the scope to look at the whole region with new eyes.”

The copper grades are more than three times higher than the Carrapateena discovery hole, which was sunk in 2005, and the discovery lies on a line connecting the Olympic Dam and Carrapateena mines."