Have been waiting for the latest Mount Coolon ptoject update announcement to come up on Hot Copper but seems it got lost somewhere yesterday.
Good meterage & grades in first hole at Glen Eva, a bit deep at 146metres.
Haven't been able to work out from the announcement if they were targetting under the existing pit as they did with the last couple of holes at Koala. If so may have been shallow angle which would make real depth somewhat less.
Not much to take away from the merger presentation that we didn't already know although when looking at both these latest announcements together there seems they may be some connection between Eugenia & Glen Eva that has not been previously mentioned.
They both lay on the same structural corridor.
• Glen Eva – bonanza vein with strike and depth extensions,
major km scale structural corridor recognised with surface
anomalism
• Eugenia – bulk disseminated mineralisation, up dip surface
extensions and new sinter zones identified with high order
surface anomalism
The above from merger presentation. Note the km scale in the Glen Eva dot point.
Maybe just hype for the announcement.
Still waiting on the money.
DYOR
Cheers
Pickle
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