ENR 1.49% 34.0¢ encounter resources limited

Ann: Assays Confirm High Grade Copper Intersectio, page-7

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  1. 12,839 Posts.
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    re: Ann: Assays Confirm High Grade Copper Int... Yes, I thought there looked to be a bit of chalcocite in there, but a bit hard to be 100% sure in the pics. The dominant mineral looks to be malachite though. Both secondary minerals, but obviously nice to have some sulphur (in chalcocite) to indicate potential proximity to a primary source. The extent of the chalcocite will be limited by historical water table levels. Don't expect those grades at depth. A decent sized high grade shallow supergene orebody can be a nice cash cow though, but ultimately the target is a larger body of primary ore dominated by copper sulphides (chalcopyrite), like Nifty.

    My guess for the interval was pretty spot on, taken as a mass balance. Any jelly beans?

    I didn't play it though, as I too can't quite see where the value in the market cap lies at this early stage, except of course for the potential. But will be watching the next round of RC drilling with interest.

    They got fast turn around at the lab. Why are all my companies being soooooo slow?

 
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