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CUAI
OTC Industrial Applications And Services

Butembo Drilling Hits 22.8m Copper Intervals, Hinting at Thicker Mineralized System

Tom Rudovsky · Reported by TMX Newsfile
More coverage: Industrial
Sentiment info
Positive
Importance info
7
Price
$15
Mkt Cap
$1.159B
52W Low
$0.3
52W High
$15.72
52W Position
Off High info
4.6% below high
Rel. Volume info
0.5× avg
Market data snapshot near publication time

Summary

Three new drill holes at the Butembo Copper Project returned substantially thicker mineralized intervals averaging 22.8 metres at 0.96% Cu, versus 10.1 metres at 1.7% Cu in the initial thirteen holes. The metal factor remains broadly comparable, but the increased thickness suggests a different mineralized facies with localized thickening and changing structural orientations. Management is dynamically adjusting drill targeting to follow the emerging trend, which could indicate a broader mineralized package than initially recognized. Further drilling is required to confirm continuity and extent, but the results are a positive step for resource development at the project.

At the time of this announcement, CUAI was trading at $15.00 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $0.30 to $15.72. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: TMX Newsfile.


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