Copper 360 announces that it has started a drilling campaign to confirm the historical drill database from Newmont and Gold Fields on the Rietberg Copper Mine in the Northern Cape Province of South Africa.
The company had used the previous extensive geological database to model large bodies of copper mineralization which will be targeted for mining. Due to the core from the drill holes not being available, the company as the final step before mining commences has started a drilling campaign to test the validity of the historic geological database.
The company is pleased to announce that the results from the first 2 boreholes confirmed the historical database’s validity in every aspect from geological rock type, type and quantity of mineralization and intersection widths and depths.
The first 2 holes have made copper intersections of over 45m each just 30m below the surface. Initial XRF analysis yielded copper values of between 5 and 7% Copper.
Jan Nelson, CEO of Copper 360 commented; “Having copper orebodies of over 40m wide with continuous mineralization running over 3 to 5% Copper over the entire hole just 30m below the surface is spectacular and has exceeded all our expectations. Moreover, we have development less than 50m away from the mineralization with all underground infrastructure in terms of ore-passes etc. already in place. We are currently busy with plant construction and will provide the market with further project updates in the coming months. We continue our drilling program and will present these results on the day of listing aimed for the end of February”.
