STTCOMP SCI, FA LONG
Market cap 4.5m, cash 1.8m approx.
Exploration play currently drilling for copper
Previous hit 11.8m @6.7% copper from 180m. Company has been actively drilling. The first hole which was a twin hole managed to hit 13.5% of strong copper mineralisation with visual estimate of 10-15% of chalcopyrite. Now the interesting bit is they have hit it at 110m while a twin hole should have hit somewhere between 160-190m. This tells me that although its a twin hole but the intersection came as a surprise like 70m higher than it should have been? Now they have drilled another RC hole around 150m south of the first hole. Precollars of this hole were not drilled and waiting for diamond drilling. However, moderate to strong copper mineralisation was intersected here as well. This might means that there might be more copper than just a hit.
8 more holes to be drilled in this drill program so more news flow can be expected.
On top of this, the results from first hole expected within two weeks. As the announcement came of 11 September so further results can be expected by 25-26 September give or take a few.
