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Constellation Resources (ASX:CR1) begins AC drilling at Orpheus

Mining
ASX:CR1      MCAP $9.485M
21 June 2021 12:20 (AEST)

Constellation Resources (CR1) has begun an aircore (AC) drilling program at the Orpheus Project in Western Australia.

The 558-square-kilometre Orpheus Project consists of six tenements and lies in the Fraser Range province.

The focus of this aircore drilling program is on the northern portion of the highly prospective Eyre nickel-copper-cobalt-platinum group element (PGE) anomaly.

The Eyre anomaly is believed to span over three kilometres in strike and up to 400 metres in width.

Constellation completed a maiden aircore drilling program at Orpheus in June 2020 that was undertaken to test five high priority geophysical targets.

Within three of the five targets, the company identified five nickel-copper-cobalt footprints across a combined 1.4 square kilometre area.

Additionally, the first geophysical target, KAC0091, returned a best result of 21 metres at 0.21 per cent nickel, 0.08 per cent copper and 0.03 per cent cobalt from 93 metres, including four metres at 0.31 per cent nickel, 0.08 per cent copper and 0.05 per cent cobalt from 93 metres.

Results from both this current and previous aircore drilling programs will be processed to optimise the locations of planned sulphide targeting drilling and downhole electromagnetics.

Constellation was up 1.39 per cent on the market with shares trading at 36.5 cents at 1:02 pm AEST.

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