RE: "BHP pulls ahead of rival RioTinto27 Nov 2018 08:29
Amazing Write Up Today
Pilbara heats up on copper discoveries
Across the Nullabor Plain in Western Australia, stocks in the Pilbara’s Paterson Province have gained a lot of interest on rumours Rio had uncovered a huge copper discovery across its tenements about 12 months ago.
Rio is yet to confirm or deny the rumours, but Greatland Gold (AIM: GPP) added fuel to the fire last week after reporting it had unearthed a “world-class” 275m thick intersection at its wholly-owned Havieron project.
Havieron is close to Rio’s purported copper discovery and the 275m intercept was from the first hole of Greatland’s drilling campaign.
The 275m intercept was a combination of upper and lower mineralised zones from a depth of 459m.
According to Mr Owler, these latest discoveries, including BHP’s find, were a result of persistent deeper drilling in two major underexplored regions.
In addition to Rio and Greatland, several other copper explorers are either actively searching their tenements or pegging up more land in the Paterson Province, including: Antipa Minerals (ASX: AZY), Fortescue Metals Group (ASX: FMG), Newcrest Mining (ASX: NCM), Alloy Resources (ASX: AYR), Metalicity (ASX: MCT), Sipa Resources (ASX: SRI) and Red Metal (ASX: RDM).