THE DRILL SERGEANT: Redbank Copper (ASX: RCP) reported results from re-sampling undertaken on historic drill core, as well as a regional soil sampling program at the company’s Redbank copper project in the McArthur Basin, Northern Territory.
Redbankc Copper said re-assaying of drill core and pulp samples from historic drilling confirmed high-grade copper intersections from each of the seven deposits sampled.
These are the Redbank, Azurite, Punchbowl, Roman Nose, Bluff, Prince, and Sandy Flat deposits.
The historic Redbank project drill assay results have now been validated and merged into a JORC 2012 compliant database for resource update.
Redbank has now increased confidence in historic copper assay results which date back 50 years, while the re-sampling program has confirmed a good correlation between historic and recent assays.
“Our team has put in a huge effort to not only validate 50-year-old data to include in our database for estimating a JORC 2012 mineral resource, but also to integrate all this data to provide a clear plan on what exploration methods are most effective in our future copper exploration programs,” Redbank Copper executive director Mike Hannington said in the company’s ASX announcement.
“The fact that mineralisation appears to be predominantly chalcopyrite with little pyrite is significant and allows our team to design follow-up exploration programs with a high-level of conviction.
“Although a considerable amount of work has been completed at the project in a short period of time, what is clear is that this is just the starting point for Redbank in our pursuit of large-scale copper systems in the McArthur Basin.
“The scale of our ground position is significant and through the detailed review of huge amounts of internal and industry historic data, overlaid with modern techniques and tools, our team has now established a much clearer geological understanding of the Redbank Project and the significant opportunity at hand.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE