Initial drilling on the Sao Felix property in the Carajas region, Para state, Brazil, encourages Monster Copper (MNS-V) to think it may have found a mineralized system.
Three holes on the prospect, unhappily labelled SF-A, tested beneath known zones of copper enrichment in surface soils. The first hole cut disseminated chalcopyrite and native copper in a magnetite-bearing chlorite schist, locally altered with biotite. The alteration zone took up about 40 metres of core, believed to represent a true thickness of around 35 metres. The mineralized part of the zone was 18 metres long and graded 0.33% copper.
The second and third holes found traces of chalcopyrite in granite.
Monster is earning a 60% interest in the property from Falconbridge (FAL.LV-T, FAL-N) under a four-year option agreement. Falconbridge can buy back 20% through a back-in clause.
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