RE:RE:RE:CEO Mario Stifano on Latest High-Grade Results at Alacran I particularly liked this part of the news release. ->
Hole ACD070 reported a significant manto intercept of 57.5 metres @ 0.65% copper and 0.43 g/t gold, including a new style of high-grade epithermal vein mineralization comprising a 1.3-metre-thick vein containing 11.30 g/t gold and 1.13% cobalt
Mario Stifano Interview:
So if you look at Hole 70, which is one of the most important holes here, basically what we identified in Hole 70 is that the Alacran deposit is open to the northwest, continues to be open down-dip. And then we also identified within that hole a new style of mineralization, which is high-grade gold with cobalt. And you know, we scratched our heads when we saw the high-grade cobalt, where we got 1.13% cobalt. And it's basically showing up in epithermal veins, a brand new style of mineralization that's crosscut the main Alacran deposit. Very similar to what happened in the central part of the Alacran deposit with the bonanza gold grades that we hit in Hole 36. (0.90 meters @ 4,440 g/t gold, 10.25% copper, 24.70% zinc and 347 g/t silver).
.... ou know, we discovered cobalt in our deposit and this is the first time I'm even aware of any economic grades of cobalt being hit anywhere in Colombia.
About time this baby is waking up to the enormous rise of the Cobalt and Copper prices. Will have roughly $5m in cash going into the new year. Resource Update to be released by late January. Enterprise value it's very cheap and lots of upside.