With the Bolo results now very close to being published, $CPAU.V shareprice is moving
1.5 months after drills started turning there, the company decided to exercise its option to own 50.01% of the project
PLUS looking to earn an additional 24.99% 🧐
/1
1.5 months after drills started turning there, the company decided to exercise its option to own 50.01% of the project
PLUS looking to earn an additional 24.99% 🧐
/1
A move like that is telling to say the least
The company started drilling with two rigs at the end of November: One RC and one diamond drill
According to CEO Yaseniuk that's quite unusual for Nevada, but with a good reason:
They're doing an oriented core drill program
/2
The company started drilling with two rigs at the end of November: One RC and one diamond drill
According to CEO Yaseniuk that's quite unusual for Nevada, but with a good reason:
They're doing an oriented core drill program
/2
CEO thinks previous operators didn't drill the right way as they only drilled Bolo with RC so you can't have a good look at the core
New approach has goal to cross cut the 2 faults to see which vein/fault system is hosting the mineralisation
More of a hassle but worth it
/3
New approach has goal to cross cut the 2 faults to see which vein/fault system is hosting the mineralisation
More of a hassle but worth it
/3
Surface work has delineated 2 parallel mineralised structures that span 2kms
12 drill holes were planned: 4 on the South Mine Fault Zone, 8 on new targets (see map above)
After Bolo, drills will be moved to Kingsley Mtn, news on that shortly
Probably coincident with assays
/4
12 drill holes were planned: 4 on the South Mine Fault Zone, 8 on new targets (see map above)
After Bolo, drills will be moved to Kingsley Mtn, news on that shortly
Probably coincident with assays
/4
Previous drilling at Bolo has shown excellent grades and widths at or near surface
Combined with the footprint and 2 mineralised structures, they have a company making asset
Seeing @CopAurMinerals exercise the option before releasing results is probably a good sign
/5
Combined with the footprint and 2 mineralised structures, they have a company making asset
Seeing @CopAurMinerals exercise the option before releasing results is probably a good sign
/5
@CopAurMinerals If you enjoyed this thread,
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Cheers, GV
/end
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Cheers, GV
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