Rod
Key highlights from the results include:
Higher than expected copper grades in the Brecha Flores sector, with intercepts like 176 meters at 0.77% copper including 24 meters at 1.50% copper. Step-out drilling in the Santa Clara Corridor returned 376 meters of 0.43% copper including 64 meters of 0.98% copper (hole DDH25DS08). Extension of mineralization to the north of the current pit into the Animas area, confirming continuity along strike, with intercepts such as 102 meters of 0.41% copper and 112 meters of 0.45% copper in separate holes. Some drilling intersected mineralization in zones previously classified as waste in the current life of mine plan, which may improve future stripping ratios. Results support potential to improve grade profiles and resource growth, leading into Phase 2 of drilling which will focus on northern corridor targets including follow-up and new target testing. The results can certainly be view as positive, but the stock is off today on news that holders of $688M sold some stock (in Australia).