Completed a ten hole diamond drilling program for a total of 2001m of drilling. Copper mineralisation occurs in a series of east-west stratabound zones that are controlled by the intrusion of porphyry dykes and sills into basaltic and andesitic volcanic and tuffaceous rocks. Drilling has confirmed that the stratigraphy and mineralisation dips south at 450 but there are also high-angle porphyry dykes that are altered and mineralised. Highlights: Hole FDD007 intersected 18m @ 0.27% Cu from 18m and 5m @ 0.01% Mo from 17m.
January 24, 2008
Due diligence is already well advanced, and an initial work program of geophysics, geochemical sampling and drilling for 2008 is being prepared.
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