MEU 0.00% 3.6¢ marmota limited

Ann: New Copper Discovery on Yorke Peninsula , page-3

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  1. 6,298 Posts.
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    Based on other explorers drill visuals, anything above 1%Cu whether as malachite or chalcopyrite is visible, certainly if RC drilling but I am not so sure with aircore drilling which is what we have. If it was visible prior the speeding ticket response it does suggest the company is cautious before making announcements and would prefer to wait for actual lab analyses. That's a good thing.
    Following on from this, whilst the company is not giving anything away re the remaining drilling, its a rather tantalizing comment that was made indicating the other drilling is more towards the area where geochem results were stronger. Cant help thinking that we may get even better results coming up
    We should also not forget that mineralization is at shallow depth so far which bodes well for extraction costs. Would love to know what lies deeper
    I am for holding, not selling at last for a while
 
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