A new, gently dipping mineralised body12 Jun 2025 22:09
Originally, they thought they were chasing subvertical veins like “Lens 2” but the new interpretation suggests they may have discovered a new, gently dipping mineralised body (Manto). Mantos can host large tonnage, close to surface and open at depth and along strike and untested and previously unrecognised, this changes the geological model and adds massive upside potential.
The broad zones of anomalous silver in holes DD010, DD012, DD014 suggest intense near surface leaching. This is classic for porphyry or manto style systems, where rich sulphide zones lie beneath the oxide cap, the surface grades are depleted but point to even richer mineralisation at depth which is exactly what Phase 3 is targeting.
phase 3 Will Be Catalytic backed by high grade intercepts, geophysical surveys, petrography and metallurgy underway. This Phase 3 campaign will now target the potential core of a major new Cu-Ag system. The setup here is for a company making drill programme!
Today's RNS builds on multiple previous high grade hits from Phase 1, growing geological understanding, increasing confidence in scale, continuity, and quality.
Have you noticed that each RNS this year has built a narrative of a high grade, near surface copper silver discovery in a Tier 1 mining jurisdiction but this one adds size, scale, and a whole new geological model?
We’re no longer dealing with isolated intercepts. This could be a cohesive, scalable, and economically viable deposit. The manto model and largescale leaching system are hallmarks of major mineralised systems! If Phase 3 confirms deeper high grade sulphides, we could transition from explorer to a takeover target or development story. This is the kind of RNS that derisks the asset significantly while increasing upside potential, the ideal combination for retail and institutional interest!
I genuinely believe a raise may be imminent this week, based on the volume and nature of recent large trades which do appear to be forwardsold shares. While not ideal, that may be unavoidable at this stage. It might be more strategic to see further warrant exercises instead, as that would allow the projects to progress incrementally and maintain momentum without excessive dilution, as they have done to date.
Great to be invested here for the long haul!
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