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30/07/24
14:33
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Originally posted by bottle:
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Absolutely encouraging. As the core is brought out of the ground it is handed over to the geologist for logging. A portable hand held XRF is also used to get a rough 'assay'. Obviously you would think there is some amount of copper present. Presumably only low grade overall (the company hasn't put itself into a trading halt). No doubt the Directors are hoping this is a near miss hole and hence the new hole from the same drill pad - at a different angle. Some ore grade intersections will be helpful for a cap raise. This target might require half a dozen not very cheap holes. $3.8m in the bank. Needs another top up soon (despite the recent $2m raising). One for young and brave punters on this 100% owned project.
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Am I correct in assuming this will be the angle of the drill bit? (Added in Yellow and according to the first figure showing the arrow in Blue)