CopperCorp (TSXV: CPER) has announced some pretty good results from initial drilling at the 1,066 square km AMC Project in Tasmania, Australia.
The company intersected multiple broad copper deposits over the first 4 drill holes, including 43 m of 0.62% Cu. The results aren’t the highest, however, they were very consistent over all holes drilled.
The overall grade and width of the mineralized intercepts are consistent with historical intersections and provide support for the continuity of mineralization between historical drill holes. Drilling to date has intersected up to three zones of mineralization at the Stellar Zone and has confirmed a steep southeast to east-dipping trend of the mineralization.
It’ll be worth keeping an eye out for reports from the remaining 7 holes, given these initial results.
$CPER.v is currently trading at $.35 after a very volatile few days of trading. The company is currently valued at C$23.18 million.
https://ceo.ca/@newswire/coppercorp-intersects-430m-at-062-cu-in-initial