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Raptor Metals (ASX:RAP) has sighted visible copper in early drilling at the Chester project in New Brunswick. The first two holes of a 2,200-metre diamond drill program intersected zones of significant copper mineralisation.
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The positive results out of Canada to date have confirmed pre-drill expectations in a program aimed at supporting Chester’s resource estimate.
Raptor’s managing director, Brett Wallace, said the work on the mineral resource estimate includes data validation, metallurgical testing, structural geology insights, infill/extension drilling, and downhole geophysics.
“We are thrilled with the early visual results from the first two holes, which align with our expectations for unlocking Chester’s upside,” he said.
“These intersections validate our resource base and reaffirm our confidence in the potential at hand in one of the world’s premier VMS camps. With a strong balance sheet from our recent capital raising, we are well- positioned to deliver value through disciplined exploration and resource growth.”
Mr Wallance explained that, based on visual estimates of mineral abundance during geological logging, the company has intersected zones of significant copper sulphide mineralisation. Processing of diamond core from initial holes is continuing, with core photography, cutting, and sampling to be completed and samples submitted for assaying in the coming weeks.
“The program is leveraging modern exploration techniques in this prolific mining district. Chester benefits from excellent infrastructure, including year-round road access, proximity to power, and a supportive mining jurisdiction,” he said.
Chester is within the Bathurst Mining Centre, which has produced over 180M tonnes of base metal ore from VMS deposits. The project hosts high-grade copper-zinc mineralisation and remains open along strike and at depth, offering significant exploration potential. Historical drilling intersected substantial copper-dominant zones, with Raptor investigating both open-pit and underground opportunities.
RAP is down -5% at 1cps. Market cap has been $20.77 million.
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