Copperstone Resources (Nasdaq COPP B) has reported encouraging results from the current drill campaign at the D-zone within its Viscaria Copper Project in Northern Sweden.
Six diamond drill holes have been completed on the D Zone North shoot in the past six months and the results to date strongly reinforce the interpreted geometry of thicker and higher-grade steep shoots extending to depth.
One recently completed drill hole intersected an 88.1m copper mineralised zone coincident with the host ironstone package but outside the existing resource estimate.
Two further drill holes have also intersected visible copper mineralisation with one of the holes intersecting a series of thick chalcopyrite ‘veins’ up to 0.3m wide.
The company believes this may represent another higher- grade lode developing in the northern area of the North shoot
Other recent intersections include 16.5m @ 2.3% Cu and 4.9m @ 1.3% Cu, both outside the current mineral resource boundary.
“Finding more and more copper (open in all directions) will make the funding of the mine development and processing plant smoother and secure an extended life-of-mine,” CEO Michael Mattsson said.
“Simultaneously, our environmental permit team is working towards the submission of the application to the Land and Environmental Court.
“We expect Copperstone to provide significant growth and employment opportunities for Norrbotten county, as well as quality production of metals in an environmentally and socially responsible manner for years to come,” Mr Mattsson said.