Junior is looking for Red Metal in BC :: InvestMacro

source: Streetwise Reports 06/21/2022

This young explorer begins his summer field campaign on his copper project while he continues to await drilling permits.

novice explorer Fabled Copper Corp. (FABL: CSE) The 2022 Surface Fieldwork Campaign has begun at the Muscoa Copper Project in British Columbia.

The company is still waiting for permits to start drilling. But now that the mass of snow is finally starting to melt, last week workers began taking surface samples and conducting geophysical surveys. Drones will also be used this summer to get views of the underground veins.

Chen Lin, the asset manager, who follows the company, is patient and takes his position. He sees great potential in the project.

“It’s been a long wait to dig,” Chen said. Streetwise Reports. “But[it]is worth the wait, as the potential is huge.”

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Famous copper veins 6-17-22. Source: Legendary Copper.

The results of the 2021 fieldwork at the site have been impressive, including a A sample of 27.2% of copper (Cu). last week , The company announced 7.73% copper across 1.1 m and 6.36% of copper across 1.6 m were also sampled, including visible veining at the surface (see left image).

Muscoa is located in northwest British Columbia near the Yukon border. It consists of the Toro, Bronson and Neal Claims blocks. All three were explored in the early 1970s before rockslides and snowfields halted further development.

Fabed Cooper said a total of 19 districts were mapped out during the 2021 field season in Moscow. results reported Wednesday It was from that campaign. The legendary copper that Separated from Fabled Silver Gold Corp. Last year, he still combed through that data.

“We are still reporting last year’s results,” said Fabled Copper President, CEO, and Director Peter Hawley. Streetwise Reports. “That’s how much work we’ve done.”

Hawley said this summer’s exploration will take its cues from fieldwork and begin investigating its most promising veins.

“We’re putting all the pieces together to better understand everything,” Hawley said.

There is no substitute for copper

Copper, which transmits heat and electricity, helps drive the future of electric vehicles and renewable energy. Electric vehicles use up to three times as much copper as an internal combustion engine vehicle, and there is no substitute for the red metal.

Copper demand is expected to rise 16% and exceed supply by more than 6 million tons by the end of the decade, according to the independent energy research firm. Rystad Energy.

For its most recent data, Fabled Copper explored Bronson’s property, which is made up of four periods covering more than 2,500 hectares. The methods included detailed sampling, geophysical surveys, imagery surveys by unmanned aerial vehicle (UAV) and satellite data analysis.

“The Book 6 vein is exposed in a southerly direction along a relatively flat valley at elevations of 1,988 to 1,912 metres,” the company said in a statement. new version. “A total of 113 rock samples, 11 grab samples, (and) (seven floating samples and 95 flake samples) were collected along the exposed veins and in the surrounding areas.”

Arden, named Main and West, was sampled by chip sampling. Chalcopyrite concentrations of up to 10% were observed in the samples, but overall, the chalcopyrite content was about 1%, Fabled Copper said.

Three sections sampled averaged 2.1% to 6.4% Cu, including one section 6.36% Cu across 1.6 m. The company said four individual samples had a copper content of more than 1%, including a sample containing 7.73% copper over a 1.1-meter stretch.

Fabled Copper has a market capitalization of C$7.81 million and 173.65 million shares outstanding. It is trading in the range of 0.07 Canadian dollars and 0.04 Canadian dollars over the course of 52 weeks.


1) This article was compiled by Steve Sobek for Streetwise Reports LLC. He or his family members own the securities of the following companies mentioned in the article: None. He or his family members get paid by the following companies mentioned in this article: None.

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