CuDeco Limited (ASX:CDU) says diamond drilling has confirmed high-grade copper mineralisation has been intersected in two zones at Rocklands South.
The mineral explorer believes potential exists for a material impact on estimated grades at Rocklands South which will be confirmed with follow up diamond drilling.
The first diamond drill hole of 2013 started at the Rocklands South orebody earlier this year to follow up on high-grade mineralisation unexpectedly intersected at the end of 2012.
Rocklands South is one of nine orebodies of the Rocklands Resource which is currently being developed by CuDeco.
CuDeco reported a net profit of almost $770,000 in the 2012 financial year.
