Belararox to start major copper drilling program at TMT

Belararox’s FY25 field program is underway with the exploration team mobilised at the Toro camp
A total of 6000m of diamond core drilling is scheduled to begin in November
Drilling will begin at the Malambo target with 3400m in three drill holes

Special Report: With a war chest of $8m following a significantly oversubscribed placement, backed by major shareholder Denala, BRX is ready to begin a 6000m diamond drilling campaign across TMT.

Since securing the rights to acquire the Toro-Malamba-Tambo (TMT) project in January 2023, Belararox (ASX:BRX) has been actively exploring the 32,000-hecature (320km2) landholding, working up 12 porphyry targets it’s currently testing.

Exploration activities including 3D interpretation of surface assay results has indicated that Malambo hosts two significant copper porphyry targets of considerable size, one near-surface and the other a deeper target.

Tambo South on the other hand is a complex target, with multiple stages of featuring hydrothermal alteration assemblages and quartz vein types consistent with global porphyry systems.

Assays from rock chip and talus samples as well as 3D geochemical models integrated with geological mapping also indicated that a second porphyry system is present in the TMT project in addition to the Malambo system.

Prepping for mobilisation

Funds from an oversubscribed placement of 32m shares priced at 25c each will be used to test these priority targets including those that were not tested during the FY2024 field season.

Civil works continue, focusing on road access to the initial drill sites and the installation of drill pads.

The drilling contractor, Conosur Drilling SA, is undergoing pre-operational activities in preparation for mobilisation when the drill pads are completed at Malambo.

A total of 6000m of diamond core drilling is scheduled to begin in November at the two highest priority projects at TMT – Malambo and Tambo South.

Drill plan

“This is a very exciting time for the company as we are about to begin our maiden drill program at Malambo,” BRX exploration manager Jason Ward said.

“The prospect shows classic geochemical and alteration signatures for a porphyry deposit, and it is in the right geological setting surrounded by world-class deposits.

“There has never been a drill hole into it, so I think we have good reason to be excited,” he added.

Drilling will start at Malambo, with 3400m of diamond core drilling planned in three drill holes.

These holes will target below outcropping potassic alteration and continue to 1000m to 1200m to test the 3D geochemical anomalies at depth.

Over at Tambo South, two drill holes will target below the quartz veins and surface molybdenum anomaly and into the 3D geochemical model at depth.

The drill holes are planned to continue to a depth of 1200 to 1400m.

Excited to deliver value

“We’re excited to kick off the drilling program at Malambo and Tambo South and look forward to delivering significant value to our shareholders,” BRX managing director Arvind Misra said.

This article was developed in collaboration with Belararox, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.