Copper One Resources (CSE:CEXY) has found a new mineralised zone through drilling at its Redonda Copper-Molybdenum Project in British Columbia, Canada.
The new find came from the fourth step-out hole of an ongoing 2,400m program testing targets across the property.
The hole, RED-26-04, was designed to investigate mineralisation about 600m northeast of the main zone at Redonda.
Preliminary observations of the drill core indicated visual copper mineralisation, though the company warns that the presence and grade of copper remain subject to laboratory confirmation.
Copper One CEO David Greenway calls this an “exciting development” for the company as it “highlights the exploration potential” emerging at the Redonda property.
The project comprises nine mineral claims covering approximately 27.46km² within BC’s Coast Suture Zone, a geological belt known for significant porphyry copper and skarn mineralisation.
According to Copper One, historical exploration on the property since the late 1960s has identified multiple copper-molybdenum-mineralised zones. This included work by Teck Resources (TSX:TECK.B) in 1979, when it completed nine holes totalling 1,681m.
The current program is designed to evaluate the extent of the mineralised system and test priority targets identified through the company’s integrated geological and geophysical analysis.
“Encountering semi-massive chalcopyrite and magnetite in step-out drill hole RED-26-04 is particularly encouraging as we work to better understand the scale and distribution of mineralisation across the property,” Greenway says.
“This zone provides another compelling area for our geological team to investigate and reinforces our confidence in the project’s broader exploration potential.”
In addition, Copper One says it has completed the third drill hole (RED-26-03) of the program to a total downhole depth of 234.69m.
Copper One Resources is advancing copper and copper-silver-gold projects, along with critical mineral assets, to support the growing demand driven by electrification.
Write to Jackson Chen at Mining.com.au
Image: Copper One Resources
