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Veritas2000

12,733 Posts.

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05/08/22

08:54

Post #: 62936424
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Originally posted by Trends10: ↑

Strong night for Gold and Copper

SPQ looks very good to me sitting on roughly 196,000 Oz of gold but more importantly this porphyry drilling is company making. Only 2 porphyry deposits in Australia in production Cadia and North parks both who need ore. STM got close to a discovery ran from $20m~mc to $300m

SPQ recently just drilled a 632m mineralised hole from surface witch was distal to the core. You simply cant drill an intercept like that and not have a feeder zone which this drilling campaign should uncover.

The current hole the company believes will be closer to the core. Worth noting hole 5 (current hole) the hole has progressed past the planned depth of 700m due to the hole still being in mineralisation.can we see a 900m intercept soon? What's 500mt of cu worth in Australia that's the prize.

Rant over, its friday trade safe out there.

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I note that you hold SPQ - I hope it works out for you
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