Re-listed Raptor Metals gets copper drilling underway at Chester

Raptor Metals (ASX:RAP) is continuing its rejuvenation with its maiden drilling program now underway at the historic Chester project in New Brunswick.

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Formerly known as Eastern Metals, Raptor Metal’s commencement of the 2,200-metre diamond drill program follows the recent acquisition of Report and a strategic turnaround of its Canada-based exploration focus.

Eastern recommenced trading on the ASX in early January as “Raptor Metals,” with the Chester project as its main target. So too, the Bathurst mining camp over in New Brunswick, which is well-renowned for its VMS deposits that have long-supplied global markets with copper, zinc, lead, and silver.

Initial drilling at Chester is designed to boost the project’s existing JORC-compliant mineral resource estimate (MRE) of 6.68 million tonnes at 1.092% copper.

Alongside that, the 2,200-metre program of HQ and PQ diamond drilling is targeting infill and extensions of mineralised zones of the current MRE.

Raptor’s managing director, Brett Wallace, said drilling will focus on validating and improving existing information and will provide critical assay, structural geological and metallurgical data for future exploration.

“We are thrilled to kick off drilling so soon after completing our acquisition. This program is a critical first step in unlocking upside, validating our resource base, and identifying new opportunities in one of the world’s premier VMS camps.

“With a strong balance sheet from our recent capital raising, we are well-positioned to deliver value through disciplined exploration and resource growth.”

As part of its re-listing, Raptor has also raised some $5 million for exploration.

Drilling is expected to take up to six weeks to complete.

RAP was steady at around 2.6c today.

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