The announcement said copper and moly mineralisation in varying lengths, not native copper and native moly. Thats a very big difference.Native copper is extremely rare. Everyone has to be extremely careful when companies put out yellow mineral core photos. Its very hard to even estimate copper content by experienced geos scouring through cores by hand. I've taken a punt on occassion with these types of assays from seeing core in announcements and have been wrong more times than right regarding grades.
They don't call it fools gold for nothing. Generally most of the yellow mineralisation in is pyrite. Its iron sulphide and its worthless. It is usually the dominant bright yellow one. Chalcopyrite has a distinctly darker hue to it compared to prite because of its copper content.Molydenite is silvery grey and is not that common so trying to work out grades from visuals is usually a useless excercise.
Just bad luck with this one.
QRL Price at posting:
12.1¢ Sentiment: LT Buy Disclosure: Not Held