Precious metals byproduct creditshave only been reported for the first 15 drill holes while indication that "above average gold" has been encountered in subsequent drilling. (NEWS RELEASE EXCERPTS BELOW)
there could be a huge BONUS for gold and silver once the assays for the rest of the drilling is reported.
There must be some indication shortly as to the AU results as all samples are analysed for gold using a fire assay... etc. etc.
from may 09 NR...
Mr. Alex Black, Chairman, Executive Vice President said, “When Chariot bid for the
Marcona Copper Project management put together a Bid Case which is the basis for
the economic evaluation in our 43-101 Report of November 1, 2004. As noted in that
report, this economic evaluation does not incorporate potential precious metal byproduct
credits. The assays released to-date suggest that, subject to further
metallurgical testing, it should be possible to obtain significant by-product credits
from the processing of the high grade copper sulphide mineralization”
since then......from July 18th NR
The Cu40 zone and the Sulphide Extensions zone lie outside the conceptual open pit boundary as set out in the Company's 43-101 report. The Sulphide Extensions zone appears to have above average gold associated with the copper mineralization. All three newly identified zones remain open.