Last month, Coppernico Metals (COPR.TO) released initial surface channel sampling results from the Nioc target are on its flagship Sombrero copper-gold project in Peru. The highlighted sampling results (shown below) are quite interesting given the high copper grades and the presence of gold and silver as potential by-product credits. The channel sampling results overlie a very large 1,800 by 1,400 meter chargeability anomaly, which suggests there is continued sulphide mineralization at depth.
The mineralization at Sombrero remains open, and according to Tim Kingsley, VP Exploration, the assay results are a testament to the thesis of extensive district-scale mineralization at Sombrero given the presence of high-grade channel sampling results directly above a large chargeability footprint.
The company now plans to expand on its surface exploration work at Nioc with an additional mapping and channel sampling program. The data gathered from these programs will be useful to drill-test the highest priority targets once the community agreement has been achieved.
Disclosure: The author has a long position in Coppernico Metals. 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.
