Copper One Resources Identifies New Copper Target at Redonda Project
Copper One Resources Corp. (CSE:CEXY) encountered visual copper mineralization in a step-out drill hole located roughly 600 meters northeast of the main zone at its Redonda project. Drill hole RED-26-04 intercepted visual semi-massive chalcopyrite and magnetite at a depth of approximately 171.30 meters.
The visual findings indicate a potential expansion of the mineralized footprint beyond the known main area. However, initial observations remain preliminary, and laboratory assays are required to confirm actual copper grades and thicknesses. In addition, drill hole RED-26-03 reached a completed depth of 234.69 meters.
Investors will be watching for laboratory assay results to verify the presence and concentration of copper. Exploration activities are proceeding under a fully funded 2,400-meter drilling program. Shares of Copper One Resources Corp. last traded down 5.66% at 0.50 CAD.
Key points
- Copper One Resources Corp. spotted visual semi-massive chalcopyrite and magnetite in step-out drill hole RED-26-04.
- The new mineralized zone was located about 600 meters northeast of the main target at Redonda.
- Visual indicators occurred at a depth of around 171.30 meters, with lab assays currently pending.
- Exploration is part of a fully funded 2,400-meter drill program, with hole RED-26-03 drilled to 234.69 meters.
Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org
How we writeDisclaimerQuestions and answers
What did Copper One Resources discover at Redonda?
Copper One Resources observed visual semi-massive chalcopyrite and magnetite in a step-out drill hole located roughly 600 meters northeast of the main zone at the Redonda project.
Are the copper results confirmed at Redonda?
No, the current visual observations are preliminary. Laboratory assay results are still pending to confirm exact copper grades and widths.
How much drilling is planned for Copper One Resources?
Copper One Resources is conducting a fully funded 2,400-meter drill program.