Exciting Drilling Results from the Mine: Higher-than-Average Cu-equivalent Grades Discovered
In a recent update, the mining company announced the completion of 17 drill holes out of a planned 37 holes in Phase 2 of their diamond drilling project. These drill holes have yielded an impressive total length of 4,759m. And the best part? The assay results received from these drill holes have significantly higher Cu-equivalent grades than the average Mineral Resource Estimate (MRE) grade.
Standout Intercepts
Let’s take a closer look at some of the standout intercepts:
| Intercept | Length (m) | Cu-equivalent grade (%) | |
|---|---|---|---|
| HM52: | 146m | 0.53 | |
| HM56: | 191m | 0.47 | |
| HM43: | 141m | 0.45 | |
| HM35: | 126m | 0.40 | |
| HM54: | 38m | 0.45 | |
| HM55: | 106m | 0.37 | |
| HM55: | 80m | 0.58 |
What Does This Mean for Me?
As an investor, these results could mean increased potential profits. If the company’s stock price hasn’t already spiked due to the news, it’s likely that it will do so as the market reacts to the positive drilling results.
What Does This Mean for the World?
On a larger scale, these results could contribute to the ongoing demand for copper and copper-equivalent metals. Copper is an essential metal used in various industries, including construction, electronics, and transportation. Higher-than-average copper grades could lead to increased production and availability of this valuable resource.
Conclusion
The mining company’s recent drilling results have shown promising signs, with several intercepts yielding significantly higher-than-average Cu-equivalent grades. These results could mean increased potential profits for investors and increased availability of copper and copper-equivalent metals for the world. Stay tuned for further updates as the drilling project continues.
- Mining company completes 17 out of 37 planned drill holes in Phase 2
- Assay results from these holes show significantly higher Cu-equivalent grades than MRE
- Standout intercepts include HM52, HM56, HM43, HM35, HM54, and HM55
- These results could lead to increased profits for investors and increased availability of copper and copper-equivalent metals
