29Metals Limited has issued the results of its recent drilling program at the Capricorn Copper mine in Queensland.
According to 29Metals, it saw extensions of known mineralisations at Esperanza South (ESS) and the Mammoth deposits, and a new mineralised trend east of Mammoth.
Initial drilling east of Mammoth intersected broad intervals of copper mineralisation in both drill holes and includes evidence of a new mineralised trend previously unidentified.
The drilling program involved two holes initially designed to test along the strike of existing estimates at Mammoth, which followed the identification of sulphides at the initial design end-of-hole.
According to the company, future Mammoth campaigns will expand the drilling scope in the area to identify higher-grade areas that may potentially support a new mining front.
29Metals said the drilling has the potential to grow its mineral resource estimates and improve its overall confidence, which will assist in the strategic-long term planning for ESS.
The resource extension drilling at ESS targeted a down plunge of known mineralisation and involved seven drill holes from the surface.
The company noted that all drilling at ESS intersected mineralisation, with resource extension drilling at depth intersecting broad copper, silver and cobalt mineralisation outside 29Metals’ current mineral resource estimates, while resource conversion drilling to the north is considered likely to extend mineralisation at depth while improving overall resource confidence.
29Metals Managing Director and CEO Peter Albert said the results demonstrate the growth potential at the Capricorn Copper ore bodies and build upon the successful drilling at the site in 2022.
“These results further demonstrate the medium- and longer-term potential we see at Capricorn Copper, and highlight the importance of our ongoing recovery work to safely return Capricorn Copper to operations following the impacts of the extreme weather event in March 2023,” he added.
