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COPPERMOLY Limted sets sights on Nakru

Staff Reporter | 9:23 PM | ||
COPPERMOLY Limited intends to undertake a critical, targeted drilling program on Nakru-02 during the March 2014 quarter.

The mining company said this was based on the review of its historical date, complimented by detailed analysis, which will be completed this month.

The miner also said further sampling will be undertaken on other priority prospects that are considered to be likely future drilling targets in the Nakru and Taleumas exploration licences in West New Britain Province.

Coppermoly has also recommend exploration on its Nakru exploration licence.

The company said a float and rock ship sampling program, focused on Nakru-02 prospect, was completed as a precursor for a new drilling program.

The site is considered a high-priority exploration target as previous surface sampling and drilling resulted in a number of significant intersections of high copper grades.

The company said the Nakru landowners gave them positive support.

Nakru exploration license is 51 percent Coppermoly and 49 percent Barrick.

Coppermoly’s mineral exploration activities are focused entirely on the island of New Britain where it holds five exploration licenses and an additional two under application.

These licences cover copper, gold, silver, zinc, molybdenum and iron mineralisation.

The five current tenements are Simuku, Talelumas, Nakru, Makmak and Powell.

The two tenement applications are Wowonga and Fulleborn.