Interesting this will be from the 82m intersection for sure. I wouldn't expect much of the grade to be above 1% though. They mention Chalcopyrite and Bornite in the core, which is common for these types of porphyry deposits.
My guess is they will package an update on the second deeper hole into this announcement, with visuals and 100's of meters of mineralisation.
This will help the market to understand exactly what is at play here.
If they just announce the drilling results it may be a wasted opportunity to get the market excited.
Anyway in another year, we could all be praising Eamon Hannon for the legacy he left in Buxton with the projects he acquired in the last few years.
It's about time for a serious SP run, the last one was many years ago when they drilled the graphite deposit and the SP went to around 50c.
I'm expecting a much higher SP gain this time around $.
BUX Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
