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Great Southern Copper PLC (LSE:GSCU) has initiated its scout diamond drilling program at the Viuda Negra prospect in Chile. The company is targeting epithermal-porphyry style mineralization with a focus on gold, silver, and copper. The initial drilling phase includes up to four scout holes aimed at exploring outcropping porphyry-epithermal alteration, with promising assay results further supporting the potential of the Especularita project. This marks a strategic move in a region with record gold and silver prices, strengthening Great Southern Copper’s positioning in the mining sector.
Despite challenges in its financial performance, including no revenue and negative cash flows, Great Southern Copper benefits from strong equity and positive corporate events such as successful drilling and fundraising efforts. Technical trends show favorable momentum, although its valuation remains uncertain due to a lack of earnings data.
About Great Southern Copper PLC
Great Southern Copper PLC is a UK-listed exploration company focused on discovering copper-gold deposits in Chile’s coastal metallogenic belt, a region known for significant copper production and excellent infrastructure. The company has options to acquire full rights to two projects in Chile—Especularita and San Lorenzo—which are prospective for large-scale copper-gold deposits and play a key role in supporting the global copper market, crucial for the clean energy transition.
Key Financial Figures:
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Year-to-Date Price Performance: 182.14%
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Average Daily Trading Volume: 4,818,043 shares
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Technical Sentiment: Sell
