I asked a geologist friend about this. "4 metres at 2.7% copper in a drill hole is nothing to get excited about". This includes 1 metre at 5.1%, so the surrounding 3 metres is therefore of lower grade.
Also the word "significant" needs to be treated with caution. Significant DOES NOT mean economic.
The announcement says they drilled 30 aircore drill holes. The table in the ASX release shows they found something in 4 of those holes. Only 2 of them had something interesting, the rest is low grade. Either they are awaiting assays or there was nothing in the other holes.
Do your own research. As always seek independent advice if unclear. This post is for information purposes only and should not be relied upon.
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