re: Ann: Copper and Gold Intersected in First...
the significance of the statement is the mineralisation keeps going at depth, beyond the end of the drilling hole
the first drill hole ended in the highest grades, that is, 1 metre @ 0.84% from 321 to 322 metres. so although the thickness of the mineralisation was 102.5m, it could go beyond. example, it could be 200m thick
however then second hole was drilled 55m deeper than the first and the mineralisation started to fade out there, over the last 51 metres
but it states the resource could be much thicker than 100 metres
only the first two holes so other holes will be of interest
as i said, the grade probably needs to be 0.7% to 0.8% at least
it is a porphyry deposit, which is bulk tonnage and low cost to process. so a grade of 0.7% is usually OK
regards
TRL Price at posting:
19.4¢ Sentiment: None Disclosure: Not Held
