Sandfire Resources (ASX: SFR) has provided an exploration update on the Black Butte Copper Project in Montana, USA.
HIGHLIGHTS
- Continued exploration success at the Johnny Lee Copper deposit at the Black Butte Copper Project – undertaken by its 87%-owned subsidiary, Sandfire Resources America Inc. (Sandfire America)
- Sandfire America has completed seventeen drill holes in the current drill program. This update includes results from eight holes with significant new results from the Johnny Lee Lower Copper Zone including:
- Drillhole SC24-285 1.8m at 15.3% Cu from 363.7m
- Drillhole SC24-286 8.5m at 6.6% Cu from 438.3m
- Drillhole SC24-288 13.2m at 12.8% Cu from 396.2m
- Drillhole SC24-290 4.7m at 4.5% Cu from 476.7m
- Drillhole SC24-292 2.8m at 4.1% Cu from 369.0m
- The ongoing drilling program aims to upgrade and expand the Johnny Lee Lower Copper Zone resource of 1.2Mt at 6.8% Cu (Measured and Indicated) and 0.5Mt at 5.9% Cu (Inferred)
Sandfire Chief Executive Officer and Managing Director, Brendan Harris, said:
“The drilling at Johnny Lee continues to deliver high-grade results from the Lower Copper Zone. The Sandfire America team is approximately halfway through the planned 20,000m program which is designed to test the extensions of the existing resource with the hope of improving the economics of the project ahead of a final investment decision.”
