Nice one Spongieman, great to see the rig on site and the stoked crew working around the area.
looking forward to the next drill coming to the project. Getting these announcements with twice the number of results is going to set a flame under the share price and push the market cap out to over $100 million. Considering this is already way undervalued, that is an easy goal to kick.
I suspect that if the price can be sustained above 65¢ we will see a cap raise to pay for the additional rig and the additional drilling. This is likely to be a substantially big cap raise relative to others, I just hope that retail holders can get a slice of the pie. Or maybe C. Bass can stump up another few million out of the truckload he made yesterday from his substantial holding, and not dilute the SOI which are being held tighter than a gnats chuff.
The second rig will help enormously to try and find the source of the mineralising fluids, hopefully a massive porphry. There is every reason, all the right indicator minerals, to have a similar story to Bingham Canyon, discovery of mineralised skarns followed by the discovery of a massive porphry (>19 million tonnes of Cu mined in Bingham Canyon's case).
Keep the cores coming, this could be a Tier 1 deposit in the making!
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