These exploration results are above my expectations.
The feasibility study of expanding mill production from 45 to 65 tonnes per day with $1.19 C1 costs and a 21 year mine life just got enhanced.
The grades are a step higher than the existing .24% Cu grade that forms the resource estimates for the Ingerbella pit.
The project now has a longer mine life and improved mineral grades and probably lower C1 costs.
We will have to wait for the quantification of these results. They are clearly encouraged and are getting more drill rigs on sites to grow the Ingerbella resource.
Ann: Copper Mountain Announces Continued Positive Drill Results a, page-3
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