Great Southern Copper Begins Drilling at Viuda Negra Prospect in Chile

 

Great Southern Copper PLC (LSE:GSCU) has initiated scout diamond drilling at its Viuda Negra prospect, located within the Especularita project in Chile. The drilling campaign targets epithermal-porphyry style gold, silver, and copper mineralization. This move aims to explore outcropping porphyry-epithermal alteration, which has shown promising assay grades in rock chip samples. The company is capitalizing on the current high gold and silver prices, focusing on expanding its exploration pipeline in a region with robust infrastructure and access.

While the company faces financial challenges, such as no revenue and negative cash flows, its strong equity and recent positive developments, including drilling results and successful fundraising, offer potential for future growth. Technical trends are currently favorable, although valuation remains difficult to assess due to the lack of earnings data.

About Great Southern Copper PLC

Great Southern Copper PLC is a UK-listed exploration company focused on identifying copper-gold deposits in Chile. The company holds options to acquire 100% rights to two projects in Chile’s under-explored coastal belt, a region known for its significant copper deposits. With a strategic focus on copper, a key metal in the clean energy transition, Great Southern Copper is positioned to play a significant role in the global market.

Key Financial Figures:

• Year-to-Date Price Performance: 182.14%

• Average Daily Trading Volume: 4,818,043 shares

• Technical Sentiment: Sell

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