Lorraine Copper Corp. (TSX-Venture:LLC) saw its stock moving much higher as Wednesday morning, on word of a new find at its Stardust project in British Columbia.
A news release out Wednesday morning showed Sun Metals Corp. (TSX-Venture:SUNM), which has the Stardust Property under option, has announced that the full mineralized intersection from diamond drill hole DDH18-SD-421 at the Stardust project in north-central British Columbia has now been completely assayed and has returned a total 100-metre intersection grading 2.51% copper, 3.03 grams per tonne (g/t) gold, and 52.5 g/t silver for a 4.99% copper equivalent
New results include 29.1 metres of mineralization, grading 3.35% copper, 4.29 g/t gold and 65.7 g/t silver. This intersect is down-hole from Stardust’s previously reported best ever intercept. The 100-metre intersect also includes 22.8 metres of mineralized skarn alteration in the hanging wall of the massive sulphide that averages more than 1% copper equivalent.
Lorraine believes this drilling has revealed the distinct pattern of encountering larger bodies of more persistent and higher-grade mineralization closer to the source of the mineralizing fluids that formed the skarn system.
Lorraine shares traveled 2.5 cents higher, or 20%, to 15 cents, on volume of more than 802,000
