The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
Copper Mountain's Upside Opportunity
|
STEFAN IOANNOU, Haywood Securities
(11/03/2010)
"Copper Mountain announced initial drill results from its 75% owned Copper Mountain copper/gold/silver project. . .Currently, two diamond drills are turning at the mine site. Drilling to date has focused on the Oriole Zone, the area East of Pit 2, adjacent to and below Pit 3 and within the Saddle Zone. The Oriole Zone is located south of Pit 3 in an area planned for future waste-rock storage. Assay results have been received for 83 shallow (30m deep) percussion holes, 38 of which have intersected grades above Copper Mountain's 0.15% copper cut-off grade and define a northeasterly trending, elliptical shaped area of mineralization measuring ~210m long by 120m wide. Highlights from the percussion drilling include 29.9m grading 1.68% copper in hole 10P0-4G, 21.3m grading 1.30% copper in hole 10P0-5F, and 8.5m grading 1.44% copper in hole 10P0-4N-significantly higher grades than Copper Mountain's current reserve grade (0.36% copper). Furthermore, the shallow nature of this higher-grade mineralization presents an upside opportunity with respect to early stage mine planning. . .The company recently followed up the Oriole Zone's strong percussion drill results with 12 diamond holes to facilitate reserve estimation and pit-planning assays are pending (key to better quantify the potential impact of higher-grade 'starter-pit' material)." |
PRINT THIS PAGE
EMAIL THIS PAGE
Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"We expect PGLC's Relief Canyon site to be meaningfully advanced in 2016." (12/16/15) Pershing Gold Corp. - Heiko Ihle, Rodman & Renshaw More >
"ICG continues to stand out as one of the most active junior exploration companies globally." (12/9/15) Integra Gold Corp. - Michael Gray, Macquarie Equity Research More >
"We are initiating coverage on NMI with a Buy rating." (12/9/15) Newmarket Gold Inc. - Heiko Ihle, Rodman & Renshaw More >
"TV's mill throughput was up 19% MOM; zinc recovery improved by 9%." (12/9/15) Trevali Mining Corp. - Joseph Gallucci, More >
"THO pays a good dividend and produces at the lowest quartile costs." (12/9/15) Tahoe Resources Inc. - Gwen Preston, Resource Maven More >