Copper’s tight supply situation was masked by the trade tensions, according to Darwei Kung, head of commodities at DWS Investment Management Americas Inc., who is bullish on the metal. Now with a preliminary truce between the countries, copper is looking “positive” this year, he said.
We stopped for the holidays, but when the guys come back in January and we’re waiting for results, they are going to go to the ELEMENTARY zone.
This is not in the swampy Abitibi territory where you can drill mostly in the winter. Here, you can drill anytime you want. Obviously, you cannot drill from the lakes in the summer but, ground-wise, it’s very stable and solid ground. You have very little swampy area that cannot be accessed in the summer.
The Mitchi property (approx. 30,000 hectares, 100% owned) located west of the Mitchinamecus reservoir, 100 km north of the town of Mont-Laurier. The property covers an area of more than 300 km2 accessible by a network of logging and gravel roads with a hydro-electric power substation located 14 km to the east.
12Page 1 of 2