Assay results from CuFe’s Orlando deposit at the Tennant Creek project in the NT have returned remnant high grade gold and copper mineralisation around the pit.

Notable intersections include:

  • 13m at 2.82% copper and 2.59 g/t gold from 79m;
  • 12m at 1.77% copper and 1.82 g/t gold from 87m;
  • 7m at 1.75% copper and 6.73 g/t gold from 145m; and
  • 5m at 6.24% copper and 3.89 g/t gold from 99m.

“We see an opportunity at Orlando to cut back the existing open pit to access the remaining ore and this drilling provides valuable data to support that,” CuFe (ASX:CUF) executive director Mark Hancock says. 

Following up encouraging test work

The main aim of the drilling was to confirm the existence of high-grade ore, generating diamond core for metallurgical testwork and obtaining water data for the environmental approval process – which Hancock says the company has achieved.

The next step is to use the drill core to follow up encouraging recovery results achieved in previous metallurgical test work announced last month.

“We will continue to progress activity on all these streams as well as looking into the remaining exploration potential at areas such as Gecko, Goanna and Monitor, all of which have shown potential to host high-grade copper mineralisation in previous drilling,” he said.

 

 

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This article was developed in collaboration with CuFe Ltd (ASX:CUF), 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.

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