Coppermoly is focussed on exploring for and developing copper – gold – molybdenum  and gold deposits in highly prospective Papua New Guinea on New Britain Island. Through an agreement with Barrick Gold Corporation, their projects are being assessed for their economic mineral potential through an on-going drilling programme.

Drilling confirms a major copper mineralised system at Nakru.At the Nakru-1 Prospect drilling intersected 213.75m grading 0.92% copper and 0.33 g/t gold. Drilling in 2010 confirmed mineralisation extendng to over a 500m strike length to at least 200m depth.

The Nakru-2 Prospect is one kilometer to the west of Nakru-1. Drilling by Coppermoly in 2008 intersected 54m grading 1.22% copper from 30m depth. This included an upper zone of primary massive sulphide of 8m grading 3.8% copper. In a drillhole 100m further west, Barrick intersected 64m of 0.59% copper.

The Simuku porphyry copper system has an Inferred Mineral Resource of 200 million tonnes grading 0.47% copper equivalent (0.3% Cu.Eq. cut-off) for 700,000 tonnes of copper (1.5 billion pounds). An overlying secondary enrichment blanket of copper mineralisation occurs in eleven drillholes including a 16m thick intersection at 1.0% copper.

Videos

Dec,2011 09:45 AM
Coppermoly (ASX: COY) adding t..
15 Dec 2011 – Coppermoly Limited (ASX: COY) MD, Peter Swiridiuk gives an update on drilling at Simuku and Nakru-1; the company’s tenements under application on New Britain Island; and explains what attracted it to the Esk Trough in Queensland.
Dec, 15 2011 - 15 Dec 2011 – Coppermoly Limited (ASX: COY) MD, Peter Swiridiuk gives an update on drilling at Simuku and Nakru-1; the company’s teneme...
Jul, 06 2011 - 06 July 2011 – Coppermoly Limited (ASX: COY) MD, Peter Swiridiuk reports on Barrick Exploration’s drilling at Nakru 1, drilling plans f...

Company Presentation

Coppermoly: Copper Conference ...
Apr, 12 2012 - Coppermoly Limited (ASX:COY) Managing Director, Peter Swiridiuk, details the company’s exploration for major copper-gold systems in Pap...

Coppermoly Limited (ASX:COY)

Company Directors

Mr Bob McNeil (Non Exec. Director)
Mr Ces Iewago (Non Exec. Director)
Mr Dal Brynelsen (Non Exec. Chairman, Non Exec. Director)
Mr Maurice Gannon (Executive Director, Alternate Director)
Mr Peter Swiridiuk (Managing Director)

Contact Information

Phone: 07 5592 2274
Email: info@coppermoly.com.au
Website: http://www.coppermoly.com.au
Address
Level 1, 94 Bundall Road, BUNDALL, QLD, Australia, 4217

Media Releases see all media releases

Coppermoly Ltd, Kakapo and Sefton Prospects: Drilling Results
12 Jul,2012 09:06 AM

Queensland-based copper explorer Coppermoly Limited (ASX:COY) (“Coppermoly”) is pleased to announce the completion of the reverse circulation (RC) drilling program at the Kakapo and Sefton prospects as part of the Esk Trough Project in South East Queensland.

Coppermoly has a farm-in agreement with ActivEx Limited (ASX:AIV) at the Esk Trough Project. The project consists of five exploration permits in South East Queensland, four hours north-west of Brisbane.

The Coppermoly drilling was focussed on determining geometry of mineralisation zones intersected in historical drilling.

At the Sefton molybdenum prospect, a single drill hole (ASF005) tested a significant geophysical Induced Polarisation anomaly and intersected slightly elevated silver 2.85g/t and zinc 562ppm over 2m from 87m depth. Elevated levels of iron sulphide (pyrite) throughout the drillhole explain the presence of the IP anomaly, which may form part of an overall larger mineralising system.


For further information please download PDF below: