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Sorry, got mixed up with UFO. For ROCK, the last company presentation shows 7 planned holes (all diamond core). Ignore my last post.
The number of holes has been increased since DP decided to use reverse circulation instead of diamond cores to speed up the expansion drilling.
Big silver grades coming soon.
Once the previous exploration findings have been proved, then expansion drilling at Copperhead may happen in parallel with inaugural drilling at Copper Dome. We have about £1.2 million to cover that. I would be happy to see a placing for another £3 million if initial campaigns go as planned.
These porphyry copper systems are nothing like Havieron which is an IOCG system. For Rockfire, think in terms of low grade and large scale.Porphyry copper deposits are often very large. In contrast, Havieron is an extremely high grade gold / copper deposit - very different. As far as re-rates, it depends on how investors see the potential. It's speculative, but early signs are good. Of course Copper Dome is slightly different, still a porphyry anomaly, but may be slightly higher grade with gold too. I invested in GGP from mid 2016, and now I am here.
StrummerJones, you're are correct. You don't know anything. Why would you be looking for a 2% average grade for copper? The important factor here is the potential scale of the deposits. For context, look at Rio Tinto's Winu project.
https://www.mining.com/rio-tintos-winu-copper-project-just-got-bigger/
You can see that the grades at Winu range from 0.45% to 0.68%. Rockfire may have similar grades, and potentially has two large copper discoveries. So far, only a tiny part of the one deposit is being explored down to 500m and is open in all directions. There could be higher grades at depth, but that is not required if there are consistent average grades over a large area down to 500m.
It is important to understand what is happening in the broader market, not just UFO. Keep an eye on what is happening in China. Despite the recalibration going on in China, they will inject massive liquidity into the financial system to support continued growth - it's just that the expansion will be more orderly. The property and energy crisis will not last. The container shipment problems will fade. Already, a huge ramp up in ship building and container production has started. Iron ore will be in demand.
So you are selling at what is most likely a bottom in the market. Great call Slimgizmo.
When you get multiple occurrences of visible mineralisation you can be confident they are accompanied by plenty that is not visible. The lab results will be interesting.
Drilling surrounding EH is still ongoing. We will get a stream of results through the year end. Will be very interesting.
"Indications from pXRF imply some very high-grade silver readings with current maximum of 21,800g/t silver (700 Oz/t Ag), 5% copper, 1.1% Nickel as well as highly anomalous Cu, Ni, and Zn readings over consistent interceptions".
stevomining, there's a reason you continue to use a broken phone. You have been spiked after ploughing in all your social security payments at the wrong time. Now you want others to suffer the same folly you have created for yourself. Nobody believes the garbage you have written. It's quite obvious you don't understand resource exploration at all.
Drilling surrounding EH is still ongoing. We will get a stream of results through the year end. Will be very interesting.
"Indications from pXRF imply some very high-grade silver readings with current maximum of 21,800g/t silver (700 Oz/t Ag), 5% copper, 1.1% Nickel as well as highly anomalous Cu, Ni, and Zn readings over consistent interceptions".
I think the current strategy for EH is to squeeze in as much low cost drilling to get a good picture of the potential surrounding the silver ore body. We will probably be getting regular drill results throughout Q4.
Many investors will wait until the FED chair has spoken before piling in. After the inferred resource of over 10Mt this is seriously undervalued, and that doesn't account for news from EH coming soon and a possible suprise from Mexico.
This website is completely messed up. A few minutes ago there was live data coming through without subscription. Not to mention all the other hideous anomalies going on here.
/hanc0ckranges/
Alien doesn't need to do a placing this year. At the end of 2020 and following a placing, they had $5.6 million in cash (£4 million), and a further £86,000 was raised through warrants exercised. Expenditure since then has been mostly drilling at relatively low cost.
Wrong myavian. Alien could be sitting on untold riches at Elizabeth Hills. High concentrations of silver, copper, and nickel are likely, and drilling is ongoing with batches of samples being sent to the labs already.
RE10, results for what? Let's see if you actually know anything about this company.
It's also worth understanding that China always takes extreme measures to cut pollution just before big international events hosted in Beijing, and it's no different with the winter Olympics in February. Once the games are over, they will let steel production rip again and iron ore prices will go through the roof.