Pecoy Copper (PCU.V) has released the assay results from hole PEC-25-066 which was drilled in the South Breccia Zone and just like the previously released hole (195 meters to the east), the drill bit returned mineralized intervals of in excess of 1,000 meters.
The newest hole intersected just over 1,020 meters of 0.43% copper, 0.009% molybdenum and 0.09 g/t gold as well as 1.51 g/t silver (for a copper-equivalent grade of approximately 0.50% at the current spot prices) starting at a down-hole depth of just 48 meters. This deep hole has now extended the mineralization to approximately 306 meters below the resource shell and it ended in mineralization, which indicates the mineralized system remains open at depth.
These assay results confirm the management’s view/expectations there may be a higher grade starter pit opportunity located on the South Breccia system, especially as one of the more shallow intervals encountered 48 meters at 0.94% copper, 0.014% molybdenum and 0.21 g/t gold from a depth of just 54 meters.
Pecoy Copper has now already completed in excess of 4,900 meters of drilling with three completed holes and two additional holes being drilled right now. The focus has now shifted towards the Central Breccia area and the Center of the Pit target. The drill rig may move back to the South Breccia area when the rainy season concludes at the end of this month.
As Pecoy Copper expects to release future drill results in batches, it may take a while before the next assay results are published considering two holes are currently being drilled, so assay results may take a while.
Disclosure: The author has a long position in Pecoy Copper. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
