weekend short term trading lounge: 15-17th mar, page-18

Alls swell Freehold

Entry for STT FA VOR

Copper Explorer in Mongolia may have discovered an Oyu Tolgoi

Mkt Cap $25m Cash $4m

Recent drilling in Mongolia has hit something like 600ms of Copper Bearing mineralisation with the drill cores showing "Frequent Visual Copper Mineralisation" and comparisons have been made to the Multi Billion Dollar Oyu Tologoi Copper Deposit

"This hole intersected 604 meters of ignimbrite and block ash tuff frequently containing visual copper mineralization (Figure 2). The assays from these intersections are currently pending. This was an important and exciting discovery for the Company with similar cover rocks also identified above the ore zones at the Oyu Tolgoi and Tsagaan Suvarga copper deposits in Mongolia. The hole was terminated at a final depth of 862 meters."

Assays are awaited

Additionally Patos have just taken a placement in the stock
The last time they did this was with RXL after they saw the cores
RXL doubled from the placement price shortly after