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Canterbury Resources Ltd.
Summary
| Project: | Briggs | |
|---|---|---|
| Deposit: | Briggs | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Molybdenum | |
| Date: | 9/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-9-2019: Canterbury Resources Ltd. announces an Exploration/Drilling Update report for its Briggs deposit at the Briggs project. Drilling results incl. 197.6m @ 0.22% Cu, <0.1ppm Au, 7ppm Mo from 6.0m. Canterbury Resources Limited (ASX: CBY) is pleased t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Erceg (Internal) | |
| ABSTRACT: | Canterbury Resources Limited (ASX: CBY) is pleased to provide an update on its current drilling program at the Briggs copper deposit in SE Queensland. Canterbury’s Managing Director, Grant Craighead, said: “We are very encouraged by the extensive zones of copper mineralisation being encountered at the Briggs Project which demonstrate the large scale of the deposit. Importantly, the next few holes are testing potential depth extensions in the centre of the Central Porphyry Zone, with the aim of locating a highergrade core of the system.” The Briggs Project is located approximately 50km inland from Gladstone in a region that is prospective for large scale porphyry copper deposits. The region is very well serviced by key infrastructure including industrial service providers, power, transport and port facilities. Rio Tinto Exploration Pty Limited holds certain back-in rights, which can be triggered by a major discovery1 . 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 intercepts of low-grade copper mineralisation have been encountered in historical shallow drilling. In late June 2019 Canterbury commenced a diamond drilling program focused on a ~500m strike length of the Central Porphyry Zone (see Figure 1). | |
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