Have been carefully reading the report and digesting the information. I must admit that I was underwhelmed by the results on my first impression, but reading them with a cooler head, I can see many positives here.
I find this figure really interesting and the implications that it has:
Interestingly, this theory holds up well when comparing this with the drop in copper content seen in the western holes, as shown below (picture the black dotted line superimposed underneath):
If this theory is correct, the copper in the western section could have migrated in S-SW direction, further enriching the wall rock in that area. The geology would also support this theory, showing that the phyllic alteration (nearest to the porphyry body) is also found in the western holes. It is also mentioned that there is a sheer movement W to E direction, which would explain the migration path of the Mo-Cu.
As Mode said before, many more questions than answers after this report, but looks clear that the next holes will be drilled western and can potentially hit higher Mo-Cu levels, if not the core of the porphyry.
Once the market has digested the implications of this report, I am sure that deep pockets will flock in. Punters out, long term holders in.
Plus the bleeding seems to have stopped and we may have a found a stable support in the 4.4c. Just need some news to change sentiment again and we will be back in an uptrend soon.
GLTAH.
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