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.
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Interviews /
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10 years ago
08 Jul 2013 - Coppermoly Limited (ASX:COY) Managing Director Maurice Gannon says the mineral explorer has inked a binding agreement with Barrick to take control of its West New Bri…
Company Presentations /
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12 years ago
Coppermoly Limited (ASX:COY) Managing Director, Peter Swiridiuk, details the company’s exploration for major copper-gold systems in Papua New Guinea and Australia.
Interviews /
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12 years ago
15 Dec 2011 – Coppermoly Limited (ASX:COY) Managing Director, Peter Swiridiuk gives an update on drilling at Simuku and Nakru-1; the company’s tenements under application on New Br…
Interviews /
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12 years ago
07 Jul 2011 – Coppermoly Limited (ASX:COY) MD, Peter Swiridiuk reports on Barrick Exploration’s drilling at Nakru 1, drilling plans for Simuku and its two new tenements under appli…
Interviews /
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13 years ago
28 February 2011 – (ASX:COY) MD, Peter Swiridiuk provides an update on Barrick Exploration’s drilling results at Nakru-1 and Nakru-2 and their intention to forge ahead with explora…
Interviews /
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13 years ago
22 July 2010 – Coppermoly (ASX:COY), MD, Peter Swiridiuk discusses drill results, mineralisation at Nakru 1 and similarities with its Nakru 2 tenement.
Interviews /
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13 years ago
7 June 2010 – Coppermoly (ASX:COY), MD, Peter Swiridiuk discusses progress with joint venture partner Barrick (PNG) Exploration and its recently acquired new tenements
Interviews /
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13 years ago
27 May 2010 –Hazelwood Resources (ASX:HAZ) MD, Terry Butler- Blaxwell explains its decision to process its tungsten and its choice of Vietnam for the plant.
Interviews /
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14 years ago
10 March 2010 - M.D. Peter Swiridiuk discusses Coppermoly’s (ASX:COY) joint venture with Barrick (PNG) Exploration Ltd and the Company’s strategy.
