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Fabled Copper ( FABL : CSE ) Delivers Outstanding 1st Exploration Results of 14.30% Copper Over 4.60m
The World Needs Copper: Global Copper Consumption Outstripping Supply “A new energy vehicle (EV) needs 80kg of Copper compared with 23kg in an internal combustion engine vehicle” Kitco
Demand for Copper is projected to rise by 5% yearly, outstripping supply which is projected to increase by 2.3% yearly.
This is why brand new Fabled Copper’s mandate is to explore and define high level and high-grade copper resources in Northern BC. ( which also happens to be a tier one exploration jurisdiction).
Fabled just released their 1st exploration results from their 2021 exploration program and the results are fantastic, beginning with a headline sample of 14.30 % Copper over 4.60 meters that include high grade copper occurrence with a total of 16 surface samples over a vertical distance of 444 meters
• Of the 16 samples collected 10 greater than 1%, copper, 5 greater than 5% copper, 5 greater than 10% copper and 2 greater than 20% copper.
These are fantastic early numbers for such an early start to any exploration program. Fabled's main focus is the Muskwa property ( this showing is a part of that ) with a high grade mining history containing a minimum of 22 documented copper occurrences of which 4 are defined deposits with historical reserves and resources.
Fabled is taking an aggressive exploration approach and are already outlining a drill program for the 22 field season.
Here are some of the documented copper occurrences in 3 separate claim blocks (Neil, Toro, Bronson) and you can see why Fable is intent on taking a aggressive approach to exploration and development. The project boast highgrade copper and lots of it.
Neil: 10 Copper occurrences with the Neil vein 19 metres wide, visible for more than 1,000 metres vertically & has assayed 10.2% copper over 3.0 metres
Davis-Keays: Historical Indicated reserve *of 3.7 million tons at 2.5% Copper cut-off grade or an estimated 1.4million tons at 3.42% Copper
Toro-Churchill: – sampling returned 8.8% copper over a width of 19 meters and strike length of 133 meters
Magnum Vein: developed and mined from 1970 to 1974 milling 549,000 tons grading 3.00 % Copper - stopped due to low copper prices
And if that doesn’t help identify the discovery opportunity, have a look at the combined experience amongst the management team, over 200 years' combined exploration experience; and with that comes knowledge, lots of it. They are using their experience with cutting edge technologies to exploit the significant exploration upside. The use of drones was prevalent throughout the 2021 exploration program and combined with the use of LIDAR and modern geophysics, the team plans on using the information gained to lead a very aggressive 2022 program that will include drilling.
At a time when Copper is breaking out and trending within the 4.20 to 4.80 price range; up over 100% since early 2020, Fabled shareholders received a generous Christmas present from Peter Hawley, President & CEO as the company embarks on delivering the Copper supply for the needs of tomorrow.
Sit back and enjoy this fantastic interview with Peter as walks us through Fabled's 1st ever exploration results on this emerging Copper growth story of 2022 and beyond.
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