I'm not saying Red Mountain is not worth getting excited about, but this particular set of results is not a significant discovery. It just adds a little confirmation to what was already known. If these shallow, sheeted, high grade pockets lead to a large porphyry system at depth they may be on to a big winner. As of themselves, unless the sheets are wide enough, they are difficult to mine efficiently as, despite having good grade, they are intermingled with large amounts of non ore-bearing rock.
XAM Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
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