Yeah Salebury looks good so far, as has some other nearby area's, throughout the Pumpkin Gully Syncline .
If you dig back for the actual announcement, a couple of those holes also had Very good Cobalt results as well (Cobalt is quite valuable).
MA has said that if Salebury etc. proves up OK it may be used through the CopperChem plant like the Great Australia Mine is being used (more royalties).
CopperChem also has a Cobalt circuit within their plant, so it all fits in very well.
There is also a separate structure at Salebury that has had limited drilling, and has also returned some impressive results, not to mention all the other area's within the Pumpkin Gully Syncline that have also had good results with limited drilling so far (there are quite a few).
Plenty to look forward to, in the near future, both at Hazel Creek and Pumpkin Gully.
Not sure exactly what will happen at Mount Colin, it already has a Mining lease granted and the last I heard was some investigation of underground mining & further drilling to expand the resource if possible. JGPM thinks it might eventually go to Xstrata, and he may be right, it's sort of located some distance away from the other Exco tennements, so a sale at the right price would not affect any of Exco's future plans as I see them.
cheers
EXS Price at posting:
63.0¢ Sentiment: Hold Disclosure: Held
