- NT Minerals (NTM), formerly Redbank Copper, has begun drilling at its Redbank copper project in the Northern Territory
- The 5000-metre reverse circulation program will target discrete, late-time conductors within the project
- NT Minerals will also carry out maiden drilling at the Calvert South prospect to test for copper, bismuth, antimony and manganese soil anomalism
- NTM shares are up 4.17 per cent to trade at 2.5 cents at 1:56 pm AEST
NT Minerals (NTM) has begun drilling at its Redbank copper project in the southeast McArthur Basin of the Northern Territory.
The program will include 5000 metres of percussion reverse circulation (RC) drilling with an initial focus on discrete, late-time conductors that have been upgraded with ground-based induced polarisation (IP) surveying undertaken last year
Managing Director Hugh Thomas said the company is pleased to be getting drilling underway.
“Over the past 18 months our team has worked hard to target stratabound copper mineralisation in this region of the McArthur Basin and as a result we have a suite of targets for drilling,” he said.
“We are looking forward to the results of the VTEM drilling and I will be reporting on further work plans including further drilling of highly prospective surface geochemical anomalies and additional multielement soil sampling programs over the coming weeks in what will be a busy period for NT Minerals.”
In addition to this program, the company received approvals for a maiden drilling program at the Calvert South prospect to test for copper, bismuth, antimony and manganese soil anomalism.
NT Minerals recently changed its name from Redbank Copper which it described as a “significant point” in its history with legacy issues associated with the company name being either resolved or managed effectively.
The company said the name change allows it to focus on the future and exploration work over its extensive tenement holding.
NTM shares were up 4.17 per cent to trade at 2.5 cents at 1:56 pm AEST.