CBE 1.49% 6.6¢ cobre limited

Someone more experienced in geology than me - i.e., virtually...

  1. 34 Posts.
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    Someone more experienced in geology than me - i.e., virtually anyone - can probably weigh in on this. For what it's worth, SFR's entire Motheo copper project (covering T3 and A4 deposits) has a resource of ~70Mt @ ~1% Cu. The highlight intercepts reported from MOD (who discovered T3 and A4 before SFR bought them) were: T3: 52m @ 2.0% Cu and 32g/t Ag, and A4: 52m @ 1.5% Cu and 14g/t Ag from 232m. This compares to CBE's discovery hole (NCP20A) of 30m @ 1.25% Cu and 17g/t Ag from 128m.

    That said, most intercepts I saw from historical MOD announcements were skinnier and lower grade than the discovery hole - think 10-40m @ 1-1.5% Cu.

    SFR recently announced drill results from a new target, A1 (20/10/22), including 11.5m @ 2.0% Cu, 8m @ 1.6% Cu, etc., looking similar to what CBE's best reported hole at Comet (again, NCP20A: 12.2m @ 2.5% Cu).

    As CBE's team gets familiar with the geology and targeting methods, I would expect odds of success to keep increasing (assuming there's an economic deposit to be found - which I believe there is).

    Hope that helps. Would welcome a view from an actual geologist on the differences/similarities between CBE's Comet find and T3/A4/A1.
 
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