Post by
Retiredgeo on Aug 08, 2022 9:42am
Press release
It doesn't look like that Magnetite skarn has enough copper to be mined by itself. No matter, the CRD deposits, the new gold bearing shear zone and the porphyry deposit are far more interesting. The gold bearing shear zone is very interesting. For a wildcat first hole that's not a bad result! It tells you that they have an untested, mineralized, major shear zone system to explore.
Porphyry deposits are zoned like an onion. It takes hundreds of holes to define one. Failing to encounter much mineralization on the periphery of one doesn't mean much. We might see better results from holes 3-6.
So they are still drilling at Sulphide city!? That implies that they encountered problems of some kind. With only one drill, one helicopter? and weather to deal with problems are to be expected.