CuFe Ltd (ASX:CUF) has fielded high-grade copper and gold from a diamond drilling program around the Orlando Project at Tennant Creek in the Northern Territory.
The results are in from a winter drilling program, which landed several high-grade intersections across the base and precious metal property.
Some of the best results include:
- 13 metres at 2.82% copper and 2.59 g/t gold from 79 metres;
- 12 metres at 1.77% copper and 1.82 g/t gold from 87 metres;
- 7 metres at 1.75% copper and 6.73 g/t gold from 145 metres; and
- 5 metres at 6.24% copper and 3.89 g/t gold from 99 metres.
CuFe has also set aside some diamond drill core to follow up on recovery results from previous metallurgical test-work.
Hunting for high-grade copper-gold
Commenting on the findings today, CuFe executive director Mark Hancock said the company was pleased to have completed its first drilling program at Orlando.
“We see an opportunity at Orlando to cut back the existing open pit to access the remaining ore and this drilling provides valuable data to support that,” he explained.
“We have achieved our aims, being confirming the existence of high-grade ore, generating diamond core for metallurgical test-work and obtaining water data for the environmental approval process.
“We will continue to progress activity on all these streams as well as looking into the remaining exploration potential at areas such as Gecko, Goanna and Monitor, all of which have shown potential to host high-grade copper mineralisation in previous drilling.”
Drilling down at Orlando
Back in June, CuFe set out to drill 27 holes across 2,410 metres, designed to target areas with limited data along the southern flank of the Orlando Pit.
In the end, the multi-purpose drilling program provided:
- infill drill hole data to support future resource updates;
- diamond drill core for further metallurgical testwork requirements; and
- water monitoring bores to support the environmental approval process.
Now CuFe is primed to make the next big decision when it comes to exploration on the property.
The ASX-lister will keep the market updated on its next steps at Orlando and its other assets.