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Canterbury Resources Ltd.
Summary
| Project: | Briggs | |
|---|---|---|
| Deposit: | Briggs | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 8/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-8-2019: Canterbury Resources Ltd. announces an Exploration/Drilling Update report for its Briggs deposit at the Briggs project. Drilling results incl. 134.0m @ 0.21% Cu from 6.0m. Canterbury Resources Limited (ASX: CBY) is pleased to provide an update | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Erceg (Internal) | |
| ABSTRACT: | Canterbury Resources Limited (ASX: CBY) is pleased to provide an update on its current exploration programs and plans, including encouraging early results from its drilling program at the Briggs copper deposit in SE Queensland. Canterbury’s Managing Director, Grant Craighead, said: “We are achieving pleasing progress on multiple fronts. Several holes have been completed at the Briggs copper project in Queensland, with initial results confirming pre-drilling concepts. Importantly, the next few holes will test potential depth extensions around the centre of the Central Porphyry, with the aim of locating a higher-grade core to the system. In parallel, we are generating encouraging exploration data at several other projects that will support further drilling programs in 2020. This includes follow-up of the recent high-grade drill result at Ekoato which reaffirmed the existence of a large, fertile porphyry style copper-gold mineralisation system.” The Briggs Project is located inland from Gladstone in a region that is prospective for large scale porphyry copper deposits. At Briggs a dominant northwest structural corridor is evident from magnetics and surface geochemistry and three intrusive centres are mapped. Within these intrusive centres, multiple broad intercepts of low grade disseminated copper mineralisation have been encountered in historical shallow drilling. In late June 2019 Canterbury commenced a planned 9-hole drilling program focused on a ~500m strike length of the Central Porphyry. The holes are designed to systematically test potential depth extensions of known mineralisation and may provide vectors for locating a higher-grade core, which is speculated to occur associated with a causative intrusion at shallow depths in this type of system. | |
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