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Stamper Oil & Gas Corp. First Assay Results Received: RED 23-03
Vancouver, British Columbia--(Newsfile Corp. - January 25, 2024) - Stamper Oil & Gas Corp.&#x...
About this update from Stamper Oil & Gas Corp
[{"type":"text","content":"Stamper Oil & Gas Corp. First Assay Results Received: RED 23-03Vancouver, British Columbia--(Newsfile Corp. - January 25, 2024) - Stamper Oil & Gas Corp. (TSXV: STMP) (FSE: TMP2) (\"Stamper\" or the \"Company\") is thrilled to share the first assay results from Hole RED 23-03 drilled during our 2023 Redonda Copper Molybdenum and Rhenium fall drill program. Comments from President and CEO Bryson Goodwin;\"The preliminary findings from RED 23-03 have left my team and me thoroughly impressed. Upon reviewing the data, the significance of the results, particularly 77 meters of 0.477% CuEq, have exceeded our initial expectations.Additionally, we achieved significant near surface values, ranging from 3.1 meters to 48 meters of 0.529% CuEq. This result further strengthens our confidence in the conclusions drawn from our research.The discovery that a 200-meter hole is \"almost fully mineralized\" while yielding better than anticipated results is a confirmation of our acquisition of Redonda. The Stamper team anticipated positive outcomes, but was pleased to discover this wide of an intercept of mineralized core.I have included the following information to help shareholders view our results in a broader perspective.\"For a mine currently in production: Typical cut off 0.10% acid soluable copper.This is the number below which you don't consider copper to be recoverable.PROFITABLE production Copper grade %0.17 (as reported in 2022 with a price per pound low of $3.22).PROFITABLE production Molybdenum 0.008.COPPER IS FORCAST TO EXCEED $4.00 WITH MANY ACKNOWLEDGED EXPERTS PREDICTING $5 BY 2025. This gives a frame of production understanding so shareholders can fully digest the listed results for RED 23-03(A forcast is considered a Forward-looking statement involving various risks and uncertainties. There can be no assurance that this will prove to be accurate, and actual results and future events could differ materially from those anticipated in this statement)https://www.cnbc.com/2024/01/03/copper-appears-set-to-rally-more-than-75percent-by-2025-analysts-say.html#:~:text=In%20a%20December%20report%2C%20the,scaled%20in%20March%20last%20year.HOLE RED 23-03 Hole # From/To Core Length Cu% MoS2% Re (ppm) CuEq% Hole Red-23-03 3.1-48m 45.0m 0.329 0.0265 0.1111 0.529 Hole Red-23-03 68.8-141.0m 77.3m 0.323 0.0197 0.0791 0.477 Hole Red-23-03 Ho...