RE:Recap of DDdacre wrote: For anyone doing some dd on Sun Metals, here's a brief recap of what I gleaned a few weeks ago after the assays were released from the upper massive sulphide zone of hole
So to recap SUNM facts...
- recent new discovery of 100 m grading 2.51 % copper, 3.03 g gold/tonne and 52.4 g silver/tonne which includes the upper massive sulphide zone of 36.5 m (or 120 ft) grading 4.4 g gold/tonne, 84.6 g silver/ tonne and 3.89 % copper (no mistake in decimal place there!) and the lower zone of 29.2 m grading 4.29 g gold/tonne, 65.7 g silver/tonne and 3.35 % copper.
If you haven't, check out core video...it's really something!
https://vimeo.com/296047506/95dc57cd41
- represents the richest grades intersected to date in the 80 year exploration history of the property (and over 80,000 m) of drilling
- company has stated that they are closer to discovering higher grade feeder zones...think about it...higher than those grades stated above!
- management is top notch with 8 board members or advisors having PhDs in geology and decades of international experience in the discovery and development of various deposits
- insiders hold about 35% of the stock
- mining house/management company (Oxygen Capital) has previously outlined significant deposits of explorecos. held before selling the companies for significant gains
- company is exploring in "elephant country" with several large deposits in vicinity; including Serengeti
I jumped in with both feet today. I was following the company since the last results and had been worried about the lower zone and what might've happened if the results disappointed. Well, obviously they weren't disappointing. Results are quite exceptional for sure. And to think that the company is confident that they are getting closer to discovering an even higher grade feeder zone.. This could be fun. glta.