Syndicated Managing Director Andrew Munckton said, "These are absolutely cracking results which include some of the best copper intersections we have seen at Barbara. This gives us great confidence that we have a very robust, high quality deposit that will underpin a long term copper business for ourselves and Copper Chem.
"The recently completed resource in-fill and metallurgical drilling programs are important milestones for Barbara, laying the foundations for a resource upgrade and delivering key data in the Feasibility Study."
"The Southern and Northern Shoot diamond drilling results have confirmed the previous years RC drilling results and increased our confidence in the robustness of the interpretation and the deposit's grade and geometry. This will allow us to commence the interpretation and modeling work for the new Mineral Resources estimate once the FINAL OUTSTANDING RESULTS are received NEXT WEEK."
"I am pleased to say that all aspects of this work- which will underpin the ongoing Feasibility Study- are progressing well and are on budget and schedule, which will put us in a very strong position as we move the Project towards development during the second half of the year."
"At the same time we have recently announced initial results for our first ever exploration drilling program further afield. This includes the discovery of new high grade, vein style copper mineralization at the LILLYMAY & MOUNT OLIVE exploration prospects located immediately to the south west of BARBARA. We look forward to receiving and reporting further results from prospects in the near future, together with the remaining results from in-fill drilling at BARBARA."
A Truly Impressive project! And a must have in my portfolio, at these "once in a lifetime" low SP levels.
Arlberg1
SMD Price at posting:
4.3¢ Sentiment: LT Buy Disclosure: Held
