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- Soil geochemistry program completed across Chikundo copper project
- Four priority copper drill targets identified
- Chikundo remains the highest-priority target in portfolio
- Additional targets identified away from known workings
Evolution Energy Minerals (ASX:EV1) is planning to undertake maiden drilling at the high-priority Chikundo copper project in southern Tanzania.
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The drilling program will test a number of targets identified in a comprehensive soil geochemistry program.
The program combined 1,558 newly collected soil samples with 626 historical samples, creating a validated dataset of 2,184 samples.
Independent interpretation of the results has confirmed four priority copper target areas for drilling, at the Chikundo prospect, Nangurugai and the the Chikundo West and Chikundo North targets.
MD, Craig Moulton, said the results significantly enhance the company’s understanding of the Chikundo copper system and provide multiple drill-ready targets ahead of the imminent maiden drilling program.
“The results from this program have significantly increased our confidence in the Chikundo copper project. Importantly, the survey has not only confirmed and expanded the mineralised corridor at the Chikundo prospect but has also confirmed additional compelling targets at Nangurugai, Chikundo North and Chikundo West,” he said.
“With multiple priority targets now defined and ranked, we have rapidly advanced Chikundo from a historical copper occurrence to a drill-ready exploration project. We look forward to commencing drilling and testing the scale and potential of these targets.”
Drilling will focus on validating the geochemical anomalies and determining the scale, continuity and style of mineralisation beneath each target area.
EV1 is steady at 0.7¢. Mkt cap $5.715M.
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