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- R3D Resources (R3D) is set to commence an 1800-metre reverse circulation drilling campaign at its Tartana mining leases in far north Queensland
- The drilling is scheduled to begin early next week to enhance previously identified copper mineralisation at its mining leases
- The program will also aim to upgrade the supergene copper resource to the indicated resource category
- Exploration diamond drilling will require the use of a larger rig, which is anticipated to become available later in May
- R3D Resources ends the day in the grey with shares trading at 11 cents
R3D Resources (R3D) is set to commence an 1800-metre reverse circulation drilling campaign at its Tartana mining leases in far north Queensland.
The drilling is scheduled to begin early next week to upgrade previously identified copper mineralisation at its mining leases.
The program will occur concurrently with metallurgical testwork on the existing heap leach material and overall refurbishment of the copper sulphate plant.
The program will aim to upgrade the supergene copper resource to the indicated resource category.
“The commencement of drilling is an important step in ensuring the market is aware of the potential copper resources at our Tartana project, which can support future copper production,” Managing Director Stephen Bartrop said.
“In particular, the proposed drilling has the ability to upgrade historical drill intersections which have previously not met JORC 2012 standards.”
While the upgrading of the supergene and oxide copper mineralisation is important to support future production, the company believes it will also be able to report a maiden copper sulphide resource below the pit.
Exploration diamond drilling will require the use of a larger rig, which is anticipated to become available later in May.
R3D Resources has ended the day in the grey with shares trading at 11 cents.
