RE:RE:RE:RE:Its becoming increasingly obviousWhat do they plan on doing with this? They're drilling out the shallow target using the inexpensive man portable rig, testing the limits both in depth but more importantly length. They won't need 50 holes for the resource but it will be a cheap campaign to convert this to resource because of the rig they're using. Montana De Cobre was a 600m x 650m body x ~100m thickness (between 50 & 250m) for a 50mn tonne deposit - the shallow Provost target has an alteration footprint of roughly 1500m x 500m body. Depth has been proven to 200m countless times with PVT0900-002 confirming over 400m of mineralisation so a decent sized body. Just read the news release.
The kicker here and what you suggest as "bait a hook" is the deep, porphyr prospect which they've worked up over 12months. It's hard to tell from your replies if you understand the scale of porphyries. For context - of all the different types of deposits (sedimentary-hosted copper, IOCG, VMS etc.), Porphyries alone account for 60% of copper supply which is why the Andes leading upto the rockies dominates the base metal complex. You think RIO, BHP, Hudbay acquired all the licenses around C3 in Peru to fish for a couple skarns? They're looking for Las Bambas/Constncia sized porphyries. Porphyries are high tonnage, long life mines which are still Tier 1 even at their low-mid Cu grades which is why the mining giants court the small caps that can prove them up. If they're able to prove something even remotely close to that here, I imagine it'll turn a lot of heads.
The Camel deep drill has continued below the planned 450m as they're still seeing mineralisation. Currently at 615m which is 3x the average hole depth. That's not a nominal 10/20% increase - that's a 200% depth increase. Can you fathom that their target size (pending assays) has potentially increased by 200%? They still haven't stopped hitting mineralisation so we have no idea how far it goes vertically. We haven't even spoken about width & length of the porphyr body at depth. That's not even their highest conviction Deep target (see Provost but more importantly Epidote Ridge).
Jamaica hasn't had the rich exploration history that others countries do outside of bauxite. This is the first time they're going for deep targets (as they've never had a capable rig) so not sure of the "11years and still no defined resources of any kind arguement" narrative. You think companies just do a resource for the sake of it?
Can only assume the high-grade targets you're refering to are the Arthur Seat epithermal gold prospects. Epithermal quartz is extremely difficult to locate even after you have success at ground level with soil sampling, trenching etc. It usually takes 10x as many meters to find these types of gold targets compared to a copper target where mineralisation is easy to visually confirm. See 2022 Arthur Seat campaign - they drilled 2,000m+ and what could they show for it? Exactly - 0.6m @ 7.6g/t Au. Very tricky systems that require huge capital which isn't the smartest play for a small cap when you have easy, worked up huge targets waiting to be tested.
But yeah, according to you it's low grade speculation. Mind boggling the naivety you find on these boards. If you're looking for high-grade, chase VMS deposits which have their own merit. But don't compare them to porphyr targets. I recommend reading up on porphyries and then revisit this thread.