"Given the success of drilling around the Tres Amigos Resource at Level 5 and Level 7, and the highgrade sampling returned from newly defined areas within the mine at Las Espadas and Carola South (ASX Announcements: 21 March and 4 July 2017), the Company has elected to drill additional holes into these high-grade areas with the aim of including further material mineralisation into an upcoming JORC Resource upgrade.
Given the direction of ongoing metallurgical studies and the recent high grade intercepts from drilling around Tres Amigos the Company has decided it is prudent to further drill these areas to include them in the JORC Resource upgrade and de-risk the project. To that end, the Company expects the additional drilling, JORC Resource upgrade and Scoping Study will be released in the third quarter of 2017."
CZL Price at posting:
1.6¢ Sentiment: None Disclosure: Held