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Stamper Oil & Gas Corp.: Remainder of Assays 2023 Exploration Season
Vancouver, British Columbia--(Newsfile Corp. - January 31, 2024) - Stamper Oil & Gas Corp. (T...
About this update from Stamper Oil & Gas Corp
[{"type":"text","content":"Stamper Oil & Gas Corp.: Remainder of Assays 2023 Exploration SeasonVancouver, British Columbia--(Newsfile Corp. - January 31, 2024) - Stamper Oil & Gas Corp. (TSXV: STMP) (FSE: TMP2) (\"Stamper\" or the \"Company\") Is thrilled to share the remaining results from our 2023 Redonda Copper Molybdenum exploration program.Comments from President and CEO Bryson Goodwin:\"I am delighted to share the assays from the remaining drill results of our 2023 exploration season. Notably, the significant intercept lengths observed throughout the entire drill program. These high-grade intercepts not only enhance our comprehension of the underlying geology but also provide clear evidence, bolstering our commitment to further exploration endeavors.The outcomes of these assays mandate an expansion and greater exploration program prompting deeper holes to comprehensively investigate the depth and breadth of our Redonda Copper Molybdenum and apparently Rhenium exploration project.Hole 23-01 was of significance as its placement was strategically chosen to collar and test outside the Potassic Zone. This deliberate decision not only adds a layer of certainty to our future exploration initiatives but also ensures optimal drill hole placement for the upcoming season. The success of these results supports our enthusiasm for the potential that lies ahead, setting the stage for an even more ambitious and impactful exploration program in 2024.\"Of note are the Rhenium returns.Rhenium is one of the rarest elements in Earth's continental crust; its estimated average crustal abundance is less than 1 part per billion. Rhenium is a metal that has an extremely high melting point and a heat-stable crystalline structure. More than 80 percent of the rhenium consumed in the world is used in high-temperature superalloys, especially those used to make turbine blades for jet aircraft engines. https://pubs.usgs.gov/publication/pp1802P.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 0.008COPPER IS FORCAST TO EXCEED $4.00 WITH MANY ACK...