Norfolk hits visible copper in third hole at Tassie project
First-look assessments based on naked eye observation support theory copper present at depth
Source: iStock
Mentioned
KEY POINTS
- Norfolk Metals reports visible copper in core samples returned from latest diamond drillhole on-site
- Company now considering new seismic and soil sampling activities to inform next drill targets
- Visual assessment of mineralisation should not be relied on with the same level of confidence as full-fledged assay results
The exploration team at Norfolk Metals (ASX:NFL) on Monday built on its strong start to the year at the Tasmanian Roger River copper project, with the latest drillhole turning up evidence of visible mineralisation.
A core (or is it multiple cores?) collected from the third drillhole of the 2023 campaign, 22RRD-003, showed three discrete zones of native copper mineralisation present from 102m to 137m depth; 159m to 182m depth, and again at 212m to 263m depth.
Two hits of visible copper have been logged, both 3km apart.
Promising indication
The move holds promising implications for the company’s future activities at Roger River, despite the considerable depths of the copper mineralisation deposits.
Visible copper is typically received as a bullish signal by those who invest in junior explorers.
“It is very pleasing to see more visual copper at our third drill hole…worth noting, these holes are approximately 3km apart along the same interpreted fault splay from the main Roger River structure,” Norfolk Metals Executive Chairman Ben Phillips said.
Back to basics
Phillips noted the company will now get back to geophysical and geochemical soil surface sampling to inform the target locations of the next drill run at Roger River. Drillers are currently taking a break.
“As we continue to investigate…we may revert to additional geochemistry and geophysical exploration techniques prior to drilling our next target,” he said.
The company awaits assay results from the first drillhole, as well as the new hits reported on Monday.
Shareholders should also note that first-look assessments based on visual observations can be different to future more detailed analysis of grades during the assay process.
Visible copper mineralisation at over 200m depth as contained within a diamond drillhole core (Source: Norfolk Metals)
Disclaimer: Market Index helps small-cap ASX listed companies connect with Australian investors through clear and concise articles on key developments. Norfolk was a client at the time of publishing. All coverage contains factual information only and should not be interpreted as an opinion or financial advice.
