Weird , trading activity, seemingly out of the blue although there was mention of a contractor being on site around first week August or abouts
and doing a CSMAT survey
The Company has engaged a contractor to cover the majority of the southern portion of the Project area with aCSAMT survey (from Jones Hill to the Dalton Prospect; see Figure 2). CSAMT has been selected as the preferredinitial electrical ground geophysical technique becausei) A strong CSAMT anomaly is evident over the Jones Hill Deposit in the limited previous data acquired;(ii) CSAMT can resolve the lateral extent of targets well, which is advantageous when planning follow‐updrilling;(iii) CSAMT can often detect deep targets better than the other methodologies; and(iv) A significant amount of ground can be covered relatively quickly with CSAMT, making it a fast, cost‐effectivemethodology to rapidly identify new, “look‐a‐like” targets within the greater project area. Coincident soil and CSAMT anomalies will be regarded very highly; with CSAMT surveying potentially fast‐trackinglocation of massive sulphide mineralisation within sizeable soil anomalies.The contractor has advised it expectsto be on site in about a weeks’ time, with surveying to commence immediatelythereafter. Surveying is expected to take about a month to complete with final processed data expected to be available severalweeks later. Completion of the CSAMT survey will help to ensure that initial drilling is focused on the highest priority targets.
Maybe they are seeing some "mats" lol
I was attracted to the stock initially because they have interesting Cobalt tenements in the US (so perhaps under appreciated market cap wise until Cobalt rebounds) but also liked the look of the - TERERRO Cu‐Au‐Zn VMS PROJECT located in New Mexico.
5.7Mt @ 1.96 g/t Au, 1.02% Cu, 1.46% Zn, 0.24% Pb and 22.0 g/t Ag and some very prospective untested ground .
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