It was at the end of November that BNNHF announced the completion of two inaugural diamond drill holes and the discovery of porphyry style mineralization at the Alotta copper-gold-molybdenum project in the west-central Yukon.
The first two holes tested the south-central portion of an induced polarization, chargeability high with coincident copper and gold in soil anomalies. The drill program is proposed to continue in May 2024.
"When the drill program continues in May the company will focus on four large "Bull's Eye" areas of high copper, gold and molybdenum concentrations in soil samples coincident with geophysical anomalies." - Lorne Warner, President of Benjamin Hill Mining Corp.
The drill program could reveal a prolific discovery next year and anticipation is building on what BNNHF may uncover!
This is an exceptional time to be following the company's developments and the exciting Alotta property!
BNNHF A World Class Oppor∙tunity in the Yukon
The Alotta project is a porphyry copper-gold-molybdenum prospect, located 50 km south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt.
The Yukon has been undergoing extensive and highly successful mineral exploration discoveries.
The Alotta Property is situated approximately 40 kilometres south-east of the Casino Au/Cu porphyry deposit.
Recent success in the region is evidenced by the Casino Project, amongst one of the largest undeveloped Gold/Copper deposits in the World!
The Casino deposit has 2.17 Bln tonnes of measured and indicated resources containing 7.4b lbs. copper and 12.7 m oz. gold! (Casino PEA June 22, 2021for Western Copper)
Notice the proposed road from the Revenue Mine to Casino in purple. Other routes are being proposed that would come close to the property.
Key Points about the Alotta Project
Similar geological setting to the Casino deposit intrusive complex. The Casino deposit as per Western Copper, June 22, 2021, news release announced a PEA outlining the deposit to host 2.17 Bln tonnes of measured and indicated resources contains 7.4 Bln lbs. of copper and 12.7 Mln ounces of gold. Insitu Gold/Copper/Molybdenum in-soil geochemical anomalies over 4.0 X 1.0 kilometers is larger than the current resource area of the Casino deposit.
Magnetic depletion, High total potassium counts from a radiometric survey and Induced Polarization survey results coincides with anomalous geochemistry of gold/copper in soils indicating the occurrence of a large, porphyry related hydrothermal system.
The first two drill holes both confirmed a large, multiphase, porphyry system, bearing copper and molybdenum mineralization. All split core samples will be analyzed by ALS Laboratories. Assay results are pending.
Management of project by Archer Cathro and Associates, the same company responsible for previous Casino exploration. Archer Cathro, in consultation with Benjamin Hill geologists defined the targets for drill testing.
Gold Has Hit a Record High!
Gold prices rallied to an all-time high on Friday after remarks from Federal Reserve Chair Jerome Powell increased traders' confidence the U.S. central bank had completed its monetary policy tightening and could cut rates starting March.
"Gold bulls are focusing on Powell's comment that rate is well into restrictive territory which plays into the narrative that cuts will come sooner, pointedly ignoring his warning that it was premature to speculate on easing rates," Tai Wong, a New York-based independent metals trader.
Lower interest rates reduce the opportunity cost of holding zero-yield gold.
Copper Demand is Also Fueling the Race for More Copper
The global copper market is entering an age of extremely large deficits. Many have no idea that the road to reaching net zero begins and ends with copper. This is because all infrastructure built to support renewable energy uses large amounts of copper.
The metal is a highly efficient conductor of electricity and heat.
Electric vehicles are also a big source of demand, use over twice as much copper as gasoline-powered cars, which contain about 30 kg.
According to McKinsey, global electrification is expected to increase annual copper demand to 36.6 Mln tonnes by 2031, compared to the current demand of roughly 25 million tonnes.
With gold at record highs and copper being so important, BNNHF is an exploration company to not dismiss!
BNNHF A Coal Project in the Works
BNNHF has entered into a non-binding letter of intent with Aion Mining Corp. outlining the proposed transaction whereby the Company will acquire 20% of Aion and its interest in a fully permitted coal project located in Santander, Colombia.
Key components to the acquisition
The property contains eight known seams of metallurgical and thermal coal from recent and historical diamond drilling programs and surface exposures;
The project is fully permitted under Colombian Law, including environmental licencing;
Location and existing regional coal mining infrastructure is excellent.
The company will continue to compile all recent and historical data and perform underground bulk sampling of the different seams. The purpose of this exploration program is to better establish the grades and ground conditions of known coal seams.
"Benjamin Hill is excited to have the oppor∙tunity to work with a highly skilled Colombian mining team to develop a coal asset with a path to generating revenue. There is a solid indication demand for coal assets in the global market will remain strong, as clean thermal technologies continue to emerge, while over 70% of the world's steel is currently produced using coal. As a measure of the appetite for coal projects, just yesterday, we saw Teck sell its coal interests to Glencore, Nippon Steel Corp., and Posco Holdings for $8.9 Bln." - CEO, Cole McClay
BNNHF Has Seen Substantial Gains in Recent Months. High triple digit gains!
And remember. The Alotta exploration results had indicated that it has a similar geological setting as the Casino Deposit, consisting of several Mesozoic intrusive phases. Also, InsituGold/Copperin-soil geochemical anomalies are over 4.0 X 1.0 kilometers, twice the size of the current resource area of the Casino deposit. The Casino Deposit is amongst one of the largest undeveloped Gold/Copper deposits in the World!!
The company's drill program on Alotta could have a lot of copper - gold to reveal!
With BULLISH ratings from BarChart.com, Investing.com, and others stacking up, BNNHF looks poised for a major breakout.
I'm urging you and all of my 10X community to immediately put BNNHF on your watchlist for today.
Yours for greater gains,
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