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Canterbury Resources Ltd.
Summary
| Project: | Briggs | |
|---|---|---|
| Deposit: | Briggs | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 6/10/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-6-2020: Canterbury Resources Ltd. announces a Resource Estimation report for its Briggs deposit at the Briggs project. Initial Mineral Resource Estimate for Briggs Project. Canterbury holds 100% of the Briggs (EPM 19198), Mannersley (EPM 18504) and Fig | |
| Resources: | (Resources, Inf.): 142.8Mt @ 0.29% Cu | |
| CP/QP: | [Resource]: Geoff Reed (Bluespoint Mining Services) | |
| ABSTRACT: | Canterbury holds 100% of the Briggs (EPM 19198), Mannersley (EPM 18504) and Fig Tree (EPM27317 application) tenements which form a contiguous block, approximately 50km west of Gladstone (Figure 1). Gladstone is a major regional industrial centre and port in central Queensland, with an airport serviced regularly by commercial airlines. Access to the Briggs project from Gladstone is via the sealed Dawson Highway, and then by gravelled rural lanes and farm tracks. The Briggs deposit is located on freehold land that is currently used for cattle production Canterbury has been actively exploring the Briggs porphyry-style copper deposit, with ancillary molybdenum, since 2017 when it acquired the project from Rio Tinto Exploration Pty Ltd (Rio Tinto). Rio Tinto retains a 1% NSR and certain back-in rights in relation to the project. Notable earlier explorers, dating as far back as the 1970’s, include Noranda, Geopeko, Plutonic and CRA Exploration. Geological Setting The Briggs Project lies within the Yarrol Province of the northern part of the New England Orogen. The geology comprises Silurian to Permian volcanic, volcanoclastic and sedimentary rocks of island arc origin. (see Figure 2). | |
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