ENR 1.49% 34.0¢ encounter resources limited

re: Ann: Multiple High Grade Copper Intersect... Stayer - it's...

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  1. 53,839 Posts.
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    re: Ann: Multiple High Grade Copper Intersect... Stayer - it's too early to say with much confidence but the market movement of late indicates otherwise.

    The pending assays (just a couple of holes) look to be outside the Northern Area Discovery however the 4 holes to the right of EPT0418 may be sig. The pending assays underneath the 7544100mN cross section look to be possibly average IMO based on prev results. The pending EPT0473 & 474 results also look to be not all that worthy but what appears to be of real note is that chalcopyrite lies well under, leading to primary sulphides below 200m. So far results indicate that anything under the base of oxidisation is limited.

    Perhaps more metals other than copper could be found. They do have a really excellent plot.

    *The VWAP seems to be massaged atm. Perhaps a small capital injection, although not needed, may be beneficial -real money is on this.

 
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