But the actual chalcopyrite itself is, by definition, VERY high grade (+30%). But, as you say, the mineralised sections could be as little as 2-5% Cu.
Also very promising is that these drill holes holes were testing:
"down-plunge extensions of the Barbara resource and to provide an initial test of the northern shoot"
So, in other words, as the chalcopyrite was visible in ALL drill holes, mineralisation has been confirmed in both of these new sections - the down-plunge extension and the northern shoot. All totally outside of the current resource.
We know Barbara needed to find more tonnage to get the project up to a minimum size to make it economically viable. The discovery of mineralisation in two new extensions is a good step towards that goal.
Sellers seem to have dried up completely?
Y
SMD Price at posting:
15.0¢ Sentiment: ST Buy Disclosure: Held