Relincho results propel Global Copper to new high

摘要

A stream of good news from Global Copper's (GLQ-T, GOCPF-O) Relincho project in Chile boosted the junior's share price by 2.22 dollars or 74 percent in three months. The latest news is of an updated resource estimate for the large-scale copper-molybdenum project in the desert of Chile's Region III. The new estimate puts indicated sulphide resources at 498 million tonnes grading 0.47 percent copper and 0.023 percent molybdenum, at a 0.4 percent copper-equivalent cutoff, for 5.14 billion contained pounds copper and 250 million lbs. molybdenum. Inferred sulphide resources add another 378 million tonnes grading 0.43 percent copper and 0.023 percent molybdenum.