This is an extract from Sumitomo Metal Mining Co., Ltd website
"In September of this year, SMMO is scheduled to take over
JOGMEC’s contractual position.
Through the drilling exploration that was done during the JOGMEC and Hammer Metals
Ltd. JV exploration period, the existence of a mineralization belt with high-grade copper and
gold was confirmed (according to a January 27, 2021 release from JOGMEC) in this
project’s Trafalgar area. After taking over, SMMO will expand the project’s exploration to
other areas while confirming the depth and horizontal extension of this mineralization belt"
This month is sure to be an exciting start to the partnership. We should start to see some real positive movement in the project.
When a company of this stature says to their shareholders they have partnered a Confirmed high grade copper and gold mineralization, I would think it gives confidence that it is actually the case.
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