5 of 12 holes out/still drilling...RBC panick selling today....market depth this afternoon showed less than 50K shares and MMA is back to 29cts, meanwhile Copper is on the verge of pushing back North of $4.00USD/lb. as supply collapses, miners are getting squeezed by costs(fuel/diesel, labour costs and inflation, putting some producers at risk, further tightening supply)...
Probably waiting a while on a Joe Mazumdar/Exploration Insights update as we still have more drill results(7+ holes) ahead...
Meanwhile our neighbor, T.FM/First Quantum trucks lower grade ore 120kms away thru our property to their smelter/concentrator...
The future NEED FOR COPPER just puts a higher and higher value on our growing ore body, IMO.
Exploration highlights:
- Twelve diamond drill holes, totalling 2,639 metres completed to date during 2022;
- A new mineralization style intercepted which is comparable with that at the Kansanshi mine;
- Assay results received for five drill holes. Results include:
- 4.15 m at 2.28 per cent copper equivalent (CuEq) (1.29 per cent Cu, 0.13 per cent cobalt (Co) and 0.09 per cent nickel (Ni)) from 113.5 m;
- 5.8 m at 2.41 per cent CuEq (1.86 per cent Cu, 0.07 per cent Co and 0.02 per cent Ni) from 119.2 m;
- 7.3 m at 0.79 per cent CuEq (0.58 per cent Cu, 0.02 per cent Co and 0.02 per cent Ni) from 149 m.