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Prospect Resources (ASX:PSC) has unveiled its latest drill assays from on-site its Mumbezhi copper project with fresh ‘higher-grade intersections exceeding 1% [copper]’ detected.
The company on Thursday highlighted the following results:
- 10m @ 1.10% copper from 97m depth and 6.6m @ 0.47% Cu from 115m
- 5.7m @ 1.5% copper from 162m depth and 6m @ 0.48% Cu from 113m
All in all the company’s now sunk 36 Phase III diamond bit holes on-site Mumbezhi at the Nyungu Central target for a total of 11,895m worth of core and equivalent.
Assays are pending for a further seventeen holes on-site including seven extensional drillholes.
Four diamond rigs remain on-site with two placed at Nyungu Central and the other two split between the Kamafamba target and the Chipimpa target of interest.
A new area of emerging interest, Shizeki, is currently being subjected to aircore drilling where copper anomalies 2km apart are reported including a large target extending over 1km of strike.
The drilling blitz comes ahead of a scoping study for Mumbezhi which remains on track for publication in Q1 of 2027.
These latest infill drilling results build directly on our recent standout results at Nyungu Central, delivering additional high-grade copper intersections exceeding 1% Cu. Pleasingly, our targeted infill diamond drilling programme continues to demonstrate consistency, continuity and quality of higher grade mineralisation, further strengthening confidence in the scale and composition of the Nyungu Central deposit as we advance the wider Mumbezhi Project towards Scoping Study completion.
Additionally, our regional exploration drilling continues to highlight the emerging broader regional potential at Mumbezhi. Aircore drilling at Shikezi has identified two compelling new copper anomalies, with the larger one bearing a strike length exceeding 1km, reinforcing our view that Mumbezhi hosts multiple opportunities for future resource growth and new discoveries.
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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.
Disclaimer: HotCopper had a commercial relationship with PSC at the time this article was crafted and published.
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