The TMS reference to the former Peko mine, which closed for good in 1981, is an interesting comparison.
The Peko deposit was discovered in 1933, and by 1952 it was found the copper content of the ore was more profitable than the gold, producing 130 tonnes of ore per day yielding 21-24% copper concentrates, and 9 dead weight tonnes of gold per tonne.
Five operational mines were developed from fifteen anomalies investigated and contained underground workings with levels at 62, 120, 170, and 210 feet, and a 46 foot deep open cut.
The significance is that TMS has stated it's expecting to realise the potential of the area by drilling deeper, up to 400m, to complement the step - out drilling.
If the assays confirm TMS has found another Peko shareholders will be on a winner.
Ann: Massive Copper Sulphide Zone Intersected at Bluebird, page-15
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