Copper Intelligence Adds 3 km Strike Length at Butembo After 16-Hole Drill Success
Summary
Copper Intelligence expanded its Butembo copper project in the DRC by acquiring ground that adds roughly 3 km of strike length. The move follows 16 diamond drill holes that all hit copper mineralization, averaging 12 metres at 1.43% copper. The mineralized body dips about 40 degrees southeast and remains open along strike and at depth, with drilling only reaching 60 metres below surface so far. This is a material step-up in the project's scale and de-risks the exploration thesis. The company is now positioned to test the newly acquired corridor as drilling continues.
At the time of this announcement, CUAI was trading at $16.00 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 $20.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: TMX Newsfile.