Image of a deerstalker hat and magnifying glass
Source: Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Sabre Resources Ltd (ASX:SBR) is heralding the potential to define an 800-metre copper zone close to its Sherlock Bay nickel-copper-cobalt project in WA’s Pilbara region.

A program of geochemical aircore drilling has found notable copper intersections combined with anomalous gold, cobalt, and nickel in a corridor extending 800 metres southwest of earlier gold and Ni-Cu-Co bearing sulphide intersections.

The sulphide intersections are themselves associated with a strong EM anomaly at Discovery West, southwest of Sherlock Bay’s existing Ni-Cu-Co sulphide mineral resource.

Aircore results included 18 metres at 0.25% Cu (copper), 0.03 g/t Au (gold), 133ppm (parts per million) Co (cobalt), and 178 ppm Ni (nickel) from six metres in one hole; 15 metres at 0.18% Cu, 0.06 g/t Au, 136ppm Co from nine metres in another; and eight metres at 0.21% Cu, 0.03 g/t Au, 116ppm Co, 113ppm Ni from 15 metres in a third.

Altogether, Sabre drilled 52 vertical, 40-metre spaced, aircore holes for 1,318 metres across 7 traverses, with the aim of testing previously identified electromagnetic sulphide targets within the Sholl Shear-mafic intrusive corridor.

In 2023, diamond drilling intersected gold with Ni-Cu-Co bearing sulphide mineralisation on the sheared contact between mafic intrusive and felsic rocks, and the significant copper results noted this time around were taken from three aircore traverses southwest along strike from the same site.

The discovered copper trend seems to be increasing in grade and remains open to the southwest, where it extends towards Sabre’s E47/4777 application.

Sabre has been trading at one cent.

Join the discussion: See what HotCopper users are saying about Sabre Resources and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

SBR by the numbers
More From The Market Online
Market Close Graphic

ASX Market Close: Retail sales slower than expected as bourse pulls back | January 9, 2025

Australian retail sales rose slower than expected in November, growing 0.8% month over month in November,…
The Market Online Video

Breaking news: New opportunities for investors & companies – HotCopper opens to capital raising!

Companies can now raise capital through HotCopper! It’s a development allowing a highly cost-effective service to…
The Market Online Video

What you watched and discussed the most on HotCopper in 2024

We reveal the most watched and discussed stocks on HotCopper for 2024 and bring you expert…
The Market Online Video

ASX Market Update: Index breaks winning streak | January 9, 2025

Australian retail sales rose slower than expected in November, but better than October, as consumers remain…