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Metals X Ltd.
Summary
| Project: | Nifty | |
|---|---|---|
| Deposit: | Region 6, Region 9 | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 1/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-1-2019: Metals X Ltd. announces an Exploration/Drilling Update report for its Region 6, Region 9 deposit at the Nifty project. Drilling results incl. 21m @ 3.74% Cu from 3.9m. Metals X Limited (Metals X or the Company) is pleased to provide the followi | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kim Kremer (Internal) | |
| ABSTRACT: | Metals X Limited (Metals X or the Company) is pleased to provide the following update on its 2018 resource definition drilling programs in the Region 6 and Region 9 targets at its Nifty Copper Operations (Nifty). Regions 6 and 9, located within the down-plunge eastern extension of the Nifty underground copper deposit, are proximal to existing development and mining areas, extending more than 300 metres eastward of the historic Central Zone. As such, Regions 6 and 9 are key areas for development in the latter half of 2019. Drilling throughout 2018 has continued to define significant copper mineralisation within Region 6 and Region 9. Results for a further 12 Region 6 drill holes and 22 Region 9 drill holes have been received, with significant copper drill intercepts being reported. Importantly, the Nifty system remains open to the east. Managing Director, Mr Damien Marantelli, commented: “The ongoing success of the resource definition drilling programs at Nifty across Regions 5, 6, 7 and 9 continue to grow the already substantial resource base. Importantly, Regions 6 and 9 represent the eastern extension to the Central Zone (historic mining area) with mineralisation remaining open down the plunge of the Nifty Syncline to the east. The Company is highly encouraged by the success of the ongoing resource definition drilling programs, which For personal use only provide significant support for the continued ramp-up of production outside of the Central Zone.” | |
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