Post by
Retiredgeo on Jul 31, 2024 7:56am
Press release
The big news from this press release is that Specular Hematite is associated with the Hypogene Bornite enrichment event. A significant amount of Specular Hematite was found in outcrops just east of the Hercules rhyolite contact (the copper sulphides would of been destroyed by weathering). This tells me that the enrichment event was a huge event and is probably the defining mineralization event of the property. Reading between the lines management is focusing on this enrichment event at the expense of any deep Potassic zone.
Challenging ground conditions is a technical issue and does not concern me. Yes, they should have brought in that giant RC rig back in April. They will know better next year. Delays in processing are to be expected this time of year. The labs are empty in the spring and overflowing by fall. They missed their window for rapid turn around.