- Battery materials explorer EV Resources (EVR) begins a mapping and sampling program at the New Standard copper project in Arizona
- Approximately 250 samples will be collected from multiple historically drilled locations to define drill targets
- An important part of this work is to sample and describe mines and prospects east of the Central Arizona Project Aqueduct
- Follow-up work is also needed to the west of the Aqueduct to infill and extend the known areas of gold and copper mineralisation
- Shares in EVR are down 4.17 per cent and are trading at 4.6 cents
Battery materials explorer EV Resources (EVR) has begun a mapping and sampling program at the New Standard copper project in Arizona.
Approximately 250 samples will be collected from multiple historically drilled locations to define drill targets.
An important part of this work is to sample and describe mines and prospects east of the Central Arizona Project Aqueduct.
There are around 140 mines and prospects on a northwest-southeast trend that lies roughly three kilometres east and south of the old Pride Mine.
To the west of the Aqueduct, follow-up work is needed to fill and extend the known areas of gold and copper mineralisation.
Work will include site visits to collect geologic data and fill in areas between areas already sampled with augment sampling to be undertaken in geologically complex areas.
Managing Director Adrian Paul said he is pleased with the progress that has been made to date.
“The staking of a substantial land position and identification of several historic workings has given us the foundations for a strong exploration program at a time of looming supply shortages as the electric vehicle industry and transition to a low carbon economy increases demand,” he said.
Shares in EVR were down 4.17 per cent and were trading at 4.6 cents at 11:45 am AEST.