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Mining PRs and the Ottotrans™, Part 113

The latest edition of our occasional series, attempting as always to translate the obtuse language used by mining company executives into something that normal sentient human beings can understand, features today’s NR from Chakana Copper (PERU.v):

THIS IS WHAT THEY WROTE:

“The multiple high-grade intercepts from Huancarama are a fitting conclusion to the 2020-2021 resource drilling program at Soledad. Since restarting the drill program in August of 2020, we have completed over 30,000m of drilling in 143 drill holes. The initial resource estimate on the shallower extent of several breccia pipes, a first for the project, is nearing completion and will help us better understand the upside potential of the broader Soledad project. Mineralized tourmaline breccia pipes occur within a 12 km2 area, within which we have defined 110 targets through systematic multidisciplinary exploration. Only 16 out of the 110 targets have been tested thus far. In addition, the current geophysical program has defined numerous new targets within the known productive structural corridors that host mineralized breccia pipes,” stated President and CEO, David Kelley.

AND THIS IS WHAT IT MEANS:

“You’re not going to like the initial resource estimate.”

2 Comments

    […] installment of the occasional Ottotrans series has reminded this desk of an interesting sequence of events. Can you guess the answers to these […]

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    […] my, where does one start? Maybe by confirming the prediction made last week by this humble corner of cyberspace […]

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