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Coppermoly Ltd.
Summary
| Project: | Mt Nakru | |
|---|---|---|
| Deposit: | Nakru 2 | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Copper-Lithium-Lead-Sulphur-Zinc-Silver-Arsenic-Molybdenum-Bismuth | |
| Date: | 4/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-4-2017: Coppermoly Ltd. announces an Exploration/Drilling Update report for its Nakru 2 deposit at the Mt Nakru project. Drilling results incl. 32m @ 2.58% Cu from 82.00m. Coppermoly Ltd (Coppermoly or the Company) is very pleased to announce that it h | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Donald Macansh (Internal) | |
| ABSTRACT: | Coppermoly Ltd (Coppermoly or the Company) is very pleased to announce that it has received all the certified assay results for the Nakru 2 prospect following the recently completed exploration drilling program at the Company’s most advanced project, EL 1043 the Mt Nakru Copper-Gold project. A total of 5 diamond core holes were drilled at Nakru 2 for a total of 1,011.80 metres testing the extension of mineralisation here. Nakru 2 is located only 1,500m west of the previously reported Nakru 1 prospect. Coppermoly can now confirm receipt of all the assay results from the recent drilling campaign at Mt Nakru. These are currently being assessed by technical experts, and further announcements will follow as the modelling progresses. Coppermoly Director, Dr Wanfu Huang said: "We are extremely excited by the fact that new drilling at the Nakru 2 prospect revealed that the high grade copper mineralisation extends further to the west and to the south of previous drilling. It is expected that further work will help to define the scale of the mineralisation system, and the resources it contains. This is a great addition to the previously reported drilling results from the Nakru 1 deposit. The relatively close proximity of the two deposits and shallow depth of mineralisation increases the economic potential of the Nakru prospect." | |
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