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Sandfire Resources NL
Summary
| Project: | Tshukudu | |
|---|---|---|
| Deposit: | A4 Dome | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 1/24/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 24-1-2020: Sandfire Resources NL announces an Exploration/Drilling Update report for its A4 Dome deposit at the Tshukudu project. Drilling results incl. 32m @ 1.3% Cu, 21g/t Ag from 56m. Sandfire Resources Ltd (ASX: SFR; “Sandfire”) is pleased to provide | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Julian Hanna (Internal) | |
| ABSTRACT: | Sandfire Resources Ltd (ASX: SFR; “Sandfire”) is pleased to provide an update on the expanded exploration program which commenced towards the end of last year at its Tshukudu Exploration Project in the Kalahari Copper Belt in Botswana (Figure 1). The Tshukudu Exploration Project comprises around 11,700km2 of highly prospective licences surrounding Sandfire’s T3 Copper-Silver Project, where it is progressing towards development of its first copper-silver mine in Botswana with an optimised Feasibility Study due for completion in the June Quarter of 2020. The Tshukudu licences represent a rare belt-scale exploration opportunity globally, comprising an extensive and strategic position along the 200km centre of a major emerging sedimenthosted copper belt. There has been minimal prior drilling and no modern or systematic exploration such as airborne electromagnetics (AEM) nor extensive soil sampling programs. The T3 Project has the potential to become a significant new production hub within this highly prospective area, providing the impetus for an expanded exploration effort leveraging off Sandfire’s strong financial and technical resources. The potential of the Kalahari Copper Belt is evidenced by Cupric Canyon’s world-class Khoemacau Project, located east of the T3 Project, where a total property sulphide resource of 502Mt @ 1.4% Cu and 17g/t Ag, including 185Mt @ 2.0% Cu and 27g/t Ag has been announced by Cupric Canyon (refer to Cupric Canyon’s website www.khoemacau.com for details). | |
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