Sabre Resources (ASX:SBR) has finalised its contractor for a 6,000m aircore and reverse circulation drilling program at its Kurundi North Project in the Northern Territory.
The program aims to test copper-gold targets within a 10km corridor located 80km from the Tennant Creek Mineral Field, which historically produced 5.5 million ounces of gold at 6.90 grams per tonne and 700,000 tonnes of copper at 2.8%.
Sabre will seek shareholder approval for its acquisition of 4,000km² of tenements within the East Tennant Ridge and North Arunta areas at an upcoming general meeting on 30 June.
The transaction includes an 80% interest in Brema Resources and North Tennant Minerals.
CEO Jon Dugdale says Sabre is “very pleased” with the securing of its drilling contractor, which advances Kurundi North’s program.
“Kurundi North is just one of a number of target areas to be acquired in this highly prospective region — which has received very little previous testing in areas of shallow cover, despite geophysical evidence that ironstone-copper-gold bearing rock units at Tennant Creek continue under cover into this area,” Dugdale says.
The Northern Territory Government has also awarded Sabre $80,000 in co-funding under the Geophysics and Drilling Collaborations Program for follow-up diamond drilling.
Sabre Resources is an Australian explorer and developer focused on discovering and advancing critical metals, including nickel, copper, lithium, gold, and uranium, with projects spanning Western Australia, the Northern Territory, and Namibia.
Write to Paula Fabe at Mining.com.au
Images: Unsplash
