I like this part of today’s news and believe a significant rise in market capitalisation is pending on the commencement of drilling and results !
Having raised $3.4m from the recent placement, CCZ is well funded to cover several drilling campaigns at Cangai Mine and its other assets moving forward. 2 ASX Release dated 30 October 2017 CCZ’s geology team believe that once the inaugural drilling program has been completed, 3D JORC modelling will confirm a materially higher resource size from upside for copper (current JORC Inferred Resource: 107,600 tonnes), silver (2.08m oz) and gold (82,900oz)2.
Ann: Fast-tracking Mobilisation of Cangai Mine Exploration Team, page-9
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