Getty Copper - High-Grade Intercepts at Getty South, Accelerated Drilling, and a $15M Financing
Summary
Step-out holes (drilling beyond a known zone) at Getty South came back twice as good: 46 meters of 1.47% copper within 150 meters of 0.71%.
Mineralization stays open in all directions about 300 meters below surface, and holes just 25 meters apart show grade varies over short distances.
The CEO says the $15 million financing was quickly oversubscribed, combining $13 million charity flow-through (tax-advantaged Canadian exploration funding) with a $2 million non-brokered tranche.
Two rigs mobilize within two weeks, pushing the fall program well beyond the original 4,000 to 6,000 meters since Highland Valley permits winter drilling.
The capital sets up a 2027 mineral resource estimate (MRE — the formal tally of a deposit's tonnes and grade) targeting over 25,000 meters of drilling.
Cory Fleck's takeaways
- Top takeaway Hosts the update around two news releases — stronger Getty South drill results and the $15 million financing — and notes the four new holes are even better than the first two.
- Relays a listener question on how far the Getty South results sit from the property boundary and invites follow-up questions for future calls.
Roy Gregg's takeaways
- Top takeaway Argues the tight 25-meter step-outs north of the initial holes revealed the zone's upside: some holes are essentially twice as good as the first two, same mineralization style but better grades and widths.
- Says the high-grade mineralization remains open in all directions, with a substantial strike length already and drilling now reaching about 300 meters below surface for excellent vertical extent.
- Prioritizes stepping out over infill; the unreported Getty South holes make a first test of other zones known from historical drilling, and he expects encouraging indications from them.
- Notes the program started near the historical shaft and its underground workings, and that the results sit about 300 meters from the property boundary — in his view a lot of room for the system to grow.
Ryan O'Regan's takeaways
- Top takeaway Says the $15 million financing was oversubscribed by 9:30 on the morning of his MIF presentation, driven by loyal long-term shareholders plus a couple of new large institutional investors.
- Details the structure: $13 million in charity flow-through (BC charity component at a $1.395 premium, straight charity at $1.305) plus a $2 million non-brokered component at $1.80.
- Argues the raise, at his stated roughly $350-per-meter all-in drilling cost, takes the fall program well beyond the original 4,000-6,000 meters, with two rigs to Getty South in about two weeks and winter drilling at Highland Valley.
- Frames 2027 as the payoff: a new MRE and over 25,000 meters as a working benchmark, run in parallel with iterative first-pass drilling of property-wide targets and the dog property once permitted.
- Positions the company as controlling roughly 25% of what he calls Canada's best copper district and says removing the historical capital constraint opens up both exploration and resource development.