Great Southern Copper plc has reported further exceptional assay results from Phase I drilling at the Mostaza Mine, Cerro Negro.
Highlights:
- Assay results received for holes CNG25 DD002 – DD005 with significant intervals.
- New results demonstrate continuity of high grades building upon earlier reported assays for hole CNG25 DD001.
- Assay grades consistently significantly higher than reported results of historical drill programme.
- Mineralisation remains open in all directions.
- Assay results for remaining Phase I drill holes, CNG25 DD006 – 009, are pending.
- Phase II diamond drilling in progress aiming to expand on historically reported resources and test exploration targets.
- GSC holds option to own 100% of the Mostaza mine and Cerro Negro project.
- Prospect located at low elevation with excellent access to infrastructure and mining services.
Sam Garrett, Chief Executive Officer of Great Southern Copper, said:
"These outstanding results confirm that high grade Cu-Ag mineralisation is continuing to depth and along strike and demonstrate that the former Mostaza mine has the potential to be a high-grade, high-value Cu-Ag deposit.
“Two diamond drill rigs are now on site – one targeting strike and depth extensions of the Mostaza pit mineralization, and a second rig is exploring the structural trend to the south following up earlier drilling of holes DD006 – 009.
“We have entered a very exciting phase of exploration at Cerro Negro and have a lot of work to do as we progress to demonstrate the potential economic viability of this exciting deposit.”