RE: Actual news release. Good copper stuff
with all the good news and this sp goes nowhere think ill try to get out
----------Original Message Posted 12/7/2010 11:25:58 PM----------
Dave Blann has balls. I like that (not his genitals in case you have your mind in the homo gutter). The guy drilled at spacings for 2 km south of Zone 1. This is exploration holes. In exploration, you got to pick your spots. He drills south then south then south then south. Now he got copper readings. Tweaking time next go around and see which latitude the thing goes to find the path. If a copper path does exist, then HPY could have enough copper to supply Teck up to 10 years! This is what the guy is doing, I think. Also, like was posted, HPY never tested below 250 meters (when they drill 300 meters it is really around 150 in vertical depth as they drill at an angle). So If HPY drills further down and hits the copper again, then this becomes real big. This is only zone 1. There exists zone 2. And there are the high grade possible areas that had sampling and trenching. Samples were over 3%. Trenching was around 1.4% copper and 0.7%. Next year is the year if the guy goes for it. He must be as he is loading the till with $cash. Once the financing is done, then the fuel is in the rocket ready for blastoff. Had a few beers so I'm getting all pumped about the situation. Copper looks to be going in uncharted territory in 2011 and 2012. From the release:
Exploration holes R10-20 to 24 are widely spaced and up to 2.0 kilometres south of zone 1, within a previously identified corridor extending southwest from zone 2. The corridor is the contact zone between outer, older and inner, younger, more productive phases of the Guichon batholith, respectively. This favourable geological setting extends for over 10 kilometres through the Rateria property. All of these holes intersected strong to intense fracturing, faulting and alteration with values up to 0.31 per cent copper and geochemically anomalous silver, molybdenum and rhenium. These holes confirm the zone 1 mineralized system is much larger than previously known and that proximity to the younger Bethsaida and Skeena phases of the batholith is highly prospective for additional porphyry copper deposits. Based on results of these drill holes and recent, continuing surface exploration by the company (see Stockwatch news release dated Nov. 19, 2010), several quality exploration drill targets are apparent.