Having drilled a few copper and other base metal deposits in my time, I saw this announcement and thought people are really getting excited way too early about this...
As any good geo will tell you all copper mineralisation is visible and then a trained eye will estimate the % of that mineralisation and then estimate an assay grade based on the Cu mineral/minerals present. Actually a fun game for a geologist predicting the assays for Cu, unfortunatly can't be done for Au.
So they have 5% chalcopyrite over 15m at 384m depth, which equates to approx 1.73% Cu (1% Chalco = 0.346% Cu). You will soon learn about the estimation abilities of the geologists, who are working on it.
Anyway we will wait and see about the assay grades, just remember some companies can't even make those sort of grades work at surface.
Enjoy the ride.
PRW Price at posting:
12.7¢ Sentiment: None Disclosure: Not Held
