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.
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