The depth and grade do not phase me too much. Thickness could be an issue but essentially a random hole into multiple square kilometers of basin so gives proof of concept.
I was somewhat surprised by copper minerals in the core photo being in a granitic host rather than the sediments seen at surface.
Metamorphic grade appears to be quite high or from intrusive host?
By chance I came across an article in The Northern Miner (from Canada) that referenced Lumwana that is mentioned today's announcement. This is a recent presentation from Midnight Sun which has property near Lumwana that is included int the TNM article which may not be accessible without a subscription.
Work in Zambia and the DRC is coming up with intersections in the 1-20m range at depths of some 1000m+- that are considered potential mining targets [Kobold's Mingomba; Ivanhoe's Kitoko and western forelands project are examples]. The link to Ivanhoe's site can lead to a wealth of data about the potential for copper belt style deposits. The latter are more sedimentary than the core above IMO though having copper rich solutions flowing in a system is a great start.
- Forums
- ASX - By Stock
- Ann: Significant Copper Mineralisation in First Hole at Sandover
The depth and grade do not phase me too much. Thickness could be...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ENR (ASX) to my watchlist
|
|||||
Last
56.0¢ |
Change
-0.055(8.94%) |
Mkt cap ! $252.4M |
Open | High | Low | Value | Volume |
60.5¢ | 61.0¢ | 55.0¢ | $840.1K | 1.466M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 33999 | 56.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
56.5¢ | 44296 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 33999 | 0.560 |
1 | 19950 | 0.555 |
9 | 103582 | 0.550 |
1 | 7224 | 0.545 |
4 | 27712 | 0.540 |
Price($) | Vol. | No. |
---|---|---|
0.565 | 44296 | 1 |
0.570 | 18935 | 4 |
0.575 | 73543 | 3 |
0.580 | 30763 | 4 |
0.585 | 63900 | 3 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
Featured News
ENR (ASX) Chart |