Copper Mountain has told the ASX it had "positive results" from exploration drilling at its North West Queensland projects.
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The Canadian-based owners of the proposed Little Eva project has had results from 48 drill holes, totaling 7936 metres, drilled at its Cameron Copper Project encountered intercepts of high-grade mineralisation.
It now plans to carry out further drilling that will also include new undrilled targets.
Cameron is situated 40km south of the Company's Eva Copper Project, planned to be an open pit mine.
Gil Clausen, Copper Mountain's President and CEO said the results were promising and validated priority targets.
"They indicate that there is a potential for a larger mineralised system. This was an initial exploratory drill program to test the geophysical and geochemistry work done to date," Mr Clausen said.
"More drilling is required, and we plan on putting a systematic program in place to develop these targets with additional drilling this year and into 2022. The current results confirm our belief that there is potential for discovery of copper resources."
In September Copper Mountain Mining Corporation told a state department industry breakfast Little Eva project was anticipated to have a 15 year mine life, with an anticipated workforce of 460 people in construction and 280 people in steady state operations.
It has appointed Ausenco as engineering, procurement and construction management contractor with limited notice to proceed pending construction decision.
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Derek Barry
Editor of the North West Star Mount Isa since January 2016. Prior to that, an editor at several regional southern Queensland newspapers. Passionate about telling local stories. Comes with a strange accent to due an Irish accident of birth.
Editor of the North West Star Mount Isa since January 2016. Prior to that, an editor at several regional southern Queensland newspapers. Passionate about telling local stories. Comes with a strange accent to due an Irish accident of birth.
