Hi @Toastbox and others.
I am watching but cloud cover on sentinel is high so not much imagery.
HCH has been under so many clouds of late that my patience has worn thin and I took a loss on part to move to currently greener pastures. This is usually a good sign (for any who hold) as I often look in hindsight to find the choice to switch was poorly timed.
Done is done and will hold the remainder hoping the vast promise HCH has will eventually be realised.
Santiago Z most recent available imagery.
Two holes almost certainly drilled over the last 20 days or so. Some subtle changes at what I have called SZ6 and 3 sites that may be drill related.
======================
I have found it difficult to define site preparation and drilling at San Antonio and Valentina from Sentinel. Hence no comments.
Drill results from Valentina have coincided with a different market sentiment which makes it appear they are, in part, responsible for the price rise. From an exploration geos perspective I view oxide Cu results with a lot of caution. These very high grade copper results from Valentina, while nice, need to be proven to be part of large volumes and extending to depth into the sulphide zone with good widths and continuity. Some of this is shaping up at Valentina and probably San Antonio. Whether this will match the sheer volumes (albeit at lower grade) already known at Cortadera and Productora remains to be seen.
[I have generally avoided Li stocks for similar reasons to my 'prejudice' about oxide copper so DYOR]
=======================================
@apmcrx asked a question about why go to Cortadera instead of drilling out SA and Val back in 2018. IMO both of these (and Lulu/Frontera and probably a string of other projects that didn't make the cut) don't obviously meet the criteria to approach a Tier 1 multi decade deposit even at this early stage of exploration.
The post @ToastBox referred to is above with this link.
Cortadera, while a wild card, IMO did have that potential based on the limited hits by early Carola Holes (see partial? selection below).
HOLE # E N RL TD m AZIMUTH DIP FROM TO INTERVAL Cu M% Au CUERPO 1 FD0032 336014 6813545 1027 1086 90 65 124 360 236 0.4 94.4 0.1 CUERPO 3 2 FD023 336007 6813548 1027 1007 48 65 62 926 864 0.4 345.6 0.1 CUERPO 3 3 FD016 336256 6813778 1043 767 227 65 276 682 406 0.4 162.4 0.2 CUERPO 3 4 FD017 336305 6813537 1035 599 227 65 186 378 192 0.4 76.8 0.2 CUERPO 3
Follow up drilling at C3 by HCH hit world class intercepts with lesser results at the other Cuerpos which showed Carola drilling had tagged a significant system by 2012.
HCH as the 4th or 5th or ?th reaped the reward of recognising what previous explorers hadn't grasped fully. A common tale in exploration.
The resources will grow at Cortadera, Productora, Valentina and perhaps SA and Alice. How much? Unlikely to be huge but significant for Cortadera (likely to be bulk UG tonnes), the rest modest except perhaps Valentina (though minor by comparison with Cort/Prod.) Pure Arm waving don't take too seriously.
Drilling at SZ is a wild card to the denizens of HC but the rig geos and thus management will have visuals with some back up PXRF results already IMO.
- Forums
- ASX - By Stock
- El Fuego area Exploration
Hi @Toastbox and others. I am watching but cloud cover on...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HCH (ASX) to my watchlist
(20min delay)
|
|||||
Last
78.0¢ |
Change
-0.100(11.4%) |
Mkt cap ! $118.0M |
Open | High | Low | Value | Volume |
87.5¢ | 87.5¢ | 74.0¢ | $804.6K | 1.025M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 190311 | 78.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
88.0¢ | 41256 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 0.800 |
1 | 1265 | 0.790 |
1 | 500 | 0.785 |
5 | 194001 | 0.780 |
2 | 205000 | 0.770 |
Price($) | Vol. | No. |
---|---|---|
0.760 | 350 | 1 |
0.780 | 70894 | 3 |
0.800 | 32259 | 2 |
0.810 | 29559 | 1 |
0.840 | 25000 | 1 |
Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
Featured News
HCH (ASX) Chart |