For thousands of other reports visit RSC's Mineral Intellingence Map

Canterbury Resources Ltd.

opaxe

Summary

Project:

Bismarck

Deposit:Bismarck
Location:Papua New Guinea
Commodities:Copper-Gold-Silver
Date:4/30/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:30-4-2019: Canterbury Resources Ltd. announces an Exploration/Drilling Update report for its Bismarck deposit at the Bismarck project. JV with Rio Tinto - Drilling results incl. 2.1m @ 0.16% Cu, <0.01ppm Au, <0.5ppm Ag from 35.9m. Canterbury Resources Lim
Resources:x
CP/QP:[Overall Report]: Michael Erceg (Internal)
ABSTRACT:Canterbury Resources Limited (ASX: CBY) (“Canterbury”, the “Company”) is pleased to provide an update on its activities for the quarter ending 31 March 2019. OPERATIONAL ACTIVITIES Ekuti Range Project, Morobe Province, PNG – CBY 100% During the March quarter Canterbury commenced a ~1,350m drill program at the Ekoato Prospect within the Ekuti Range Project. Ekoato is interpreted as representing the exposed tops of potentially large-scale porphyry systems based on outcrop of alteration, veining and a high sulphidation covellite-enargite mineral assemblage. The prospect had not been previously drilled prior to Canterbury’s current program. Two holes (EK001 & EK002) have been completed to date (see ASX releases dated 20 March 2019 “Ekoato Drilling Progress Report” 1 and 12 April 2019 “Drilling Confirms Copper Porphyry System” 2), and revisions to the program are currently being considered in response to the encouraging visual observations from the core of these two holes.

Full Report

opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.

Full Report