MARENGO says results from its Rima prospect in Madang are encouraging and will enhance its current Yandera resource, chief executive officer Pieter Britz says.
On Monday the company announced results of a recent sampling and drilling programme at Rima as it continues to advance its Yandera copper project in Madang.
Rima is located northwest of the western edge of the Imbruminda resource area that forms part of the project.
Britz said: “The presence of additional domains of near-surface higher grade copper mineralisation that collectively.
“Given these encouraging results, we are not proceeding with the remainder of the previously announced 10-hole drill programme. Rather, we are working towards completion of a more extensive field programme during 2015, leading to a more comprehensive drill programme in 2016. We remain enthusiastic about the potential of Rima and other similar prospects.”
Rima was discovered last year while geologists – following up on work completed in 2008 and 2009 – were mapping and sampling in creeks west of the Imbrum River.
On Monday the company announced results of a recent sampling and drilling programme at Rima as it continues to advance its Yandera copper project in Madang.
Rima is located northwest of the western edge of the Imbruminda resource area that forms part of the project.
Britz said: “The presence of additional domains of near-surface higher grade copper mineralisation that collectively.
“Given these encouraging results, we are not proceeding with the remainder of the previously announced 10-hole drill programme. Rather, we are working towards completion of a more extensive field programme during 2015, leading to a more comprehensive drill programme in 2016. We remain enthusiastic about the potential of Rima and other similar prospects.”
Rima was discovered last year while geologists – following up on work completed in 2008 and 2009 – were mapping and sampling in creeks west of the Imbrum River.