Home Sports Demetallica (ASX:DRM) reports continuity of copper mineralization at Jericho, Queensland – The...

Demetallica (ASX:DRM) reports continuity of copper mineralization at Jericho, Queensland – The Market Herald

22
0

Sign up

Be the first with news that moves the market

  • Demetallica (DRM) reports continuity of high-grade copper mineralization at Jerico at its Chimera polymetallic project in Queensland
  • It comes as the company releases the final analysis of 13 holes of its first reverse circulation (RC) and diamond drilling campaign
  • DRM said all 13 wells intersect high grades and widths and will be included in the next Mineral Resource Evaluation (MRE)
  • Demetallica says the residual mineralization is open with the potential for further growth through drilling
  • Shares were trading unchanged at 29.5 cents in midday trade AEST

Demetallica (DRM) reported continuity of high-grade copper mineralization at Jerico at its Chimera polymetallic project in Queensland.

It comes as the company releases final assays from 13 holes of its first reverse circulation (RC) and diamond drilling campaign.

DRM said all 13 holes intersect strong grades and widths and will be included in the upcoming Mineral Resource Evaluation (MRE).

One of the best results of the program came from the Jumbuck Shoot, five meters grading 3.83 percent copper and 0.58 grams per tonne (g/t) gold from 178 meters.

Demetallica said the residual mineralization is open with the potential for further growth through drilling.

Work on updating the IMN is ongoing and should take place at the end of October.

Following the MRE release, the company has identified multiple areas for drilling and resource expansion in 2023.

Shares were trading at 29.5 cents in midday trade AEST.

https://themarketherald.com.au/demetallica-asxdrm-reports-continuity-of-copper-mineralisation-at-jerico-qld-2022-09-21/

Previous articleScotland v Ukraine: League of Nations – Live | League of Nations
Next articleIt’s great to see the Swans in the grand final – but what connects them to me is that they live by their values ​​| Sydney Swans