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Canterbury Resources Ltd.
Summary
| Project: | Ekuti Range | |
|---|---|---|
| Deposit: | Ekoato | |
| Location: | Papua New Guinea | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 5/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-5-2019: Canterbury Resources Ltd. announces an Exploration/Drilling Update report for its Ekoato deposit at the Ekuti Range project. Drilling results incl. 2.0m @ 1.77ppm Au, 0.3ppm Ag, 0.03% Cu, 1.4ppm Mo from 51.0m. Canterbury’s Managing Director, Gr | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Erceg (Internal) | |
| ABSTRACT: | Canterbury’s Managing Director, Grant Craighead, said: “Our exploration programs are gathering momentum. We are encouraged that the initial assay results from Ekoato are confirming the presence of porphyry style copper-gold mineralisation and our ongoing drilling is adding substantially to our understanding of the mineralisation system. In parallel we are ramping up exploration activity on our broader portfolio. This includes the imminent commencement of drilling at the Briggs project in SE Queensland where a ~2,700m diamond drilling program will systematically test potential depth extensions of the Central Porphyry mineralisation, with the aim of locating a higher-grade core associated with a causative intrusion.” Current Exploration Activity Ekoato Drilling Program, PNG (CBY 100%) Canterbury continues to make good progress in its initial drilling program at the Ekoato Prospect within its 100% owned Ekuti Range Project, PNG. The first three holes have been completed and the fourth is in progress. The four-hole program is testing a kilometre-wide zone of copper-gold mineralisation associated with brecciated metasediments and coeval diorite intrusions along the southern margin of the Morobe Granodiorite batholith. | |
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