TSXV:MMA - Post Discussion
Post by
Magnum2 on Nov 10, 2022 5:32pm
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.
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