Great Southern Copper PLC has announced positive drilling results from Cerro Negro in Chile, discovering copper and silver mineralization beyond the Mostaza mine. Eight drill holes covering 867 meters have shown visible copper, including significant intersections of high-grade material, indicating a potentially larger resource. Further drilling and lab testing are ongoing to define the deposit’s extent.
Great Southern Copper PLC has revealed promising outcomes from its recent drilling activities at the Cerro Negro project in Chile. The drilling has uncovered copper, silver, and gold mineralization extending beyond the historical Mostaza mine, indicating the possibility of a significantly larger resource than previously known. Currently, eight drill holes have been executed over a span of 867 meters, with every hole intersecting visible copper signs in various forms.
Cerro Negro is an exploration project operated by Great Southern Copper, situated near the historically significant Mostaza mine in Chile. The company aims to delineate substantial mineral resources amid rising global demand for copper. The drilling initiative is a strategic part of their exploration and resource estimation agenda, crucial for establishing the project’s economic viability in the increasingly competitive mining sector. The results from the company’s drilling will help to accurately evaluate the potential of this area for sustained copper production.
In summary, Great Southern Copper’s drilling at the Cerro Negro project has yielded encouraging results, suggesting a larger-than-anticipated mineral resource. Key intersections of high-grade copper and silver have been identified, supporting ongoing exploration efforts. The company is actively pursuing additional drilling to further understand the full extent of the resource, which is crucial given the rising global demand for copper.
Original Source: www.proactiveinvestors.co.uk
