RE:RE:Brasiles hole at over 500 meters and counting?Of course it doesn't say anything about the grade. But what does the grade have to do with the assertion that OCO should be at over 500 meters for that hole? That's the only assertion being made here, so why is it a leap to make it based on the beginning of the drilling announced on 11/17 and the PR on 12/9 which says the drilling is yet to be completed for that hole?
Since the only news one could expect for the Brasiles hole is that a) it was completed - with this number of days and a new crew, this would have meant a shorter hole than the max, or b) they are still seeing meneralization and continuing to drill. I'd say b) is the better possible news and that's what happened here. Remember that this not confirmation drilling like in the North Zone whereby we care most about grade. This is drilling in a zone that we don't have any hard historicals about, i.e. exploratory drilling, with ANY resulting copper to be added to the resource. So the most we can hope for in the news at this point is the length of the hole throughout which they found mineralization. It is only once the hole is complete and the lab finishes its work would we find out about the grade. I'd say this is at the very least cause for a big sign of relief that this is the most solid tangible evidence that there is SOMETHING at Brasiles, and that there is SOMETHING through at least parts of 500 meters of drilling. I'm glad that we found that out before they take the Christmas break!