Canterbury Resources Limited (ASX: CBY) share an update on its 2024 drilling program at the Briggs Copper Project in Queensland. The project has already defined over one million tons of contained copper, and the ongoing 2024 drilling program is producing exceptional assay results at the large-scale Briggs copper-molybdenum project in Central Queensland. The current drilling efforts are focused on discovering near-surface, high-grade copper mineralization in a zone straddling the contact between the felsic intrusive complex and the hosting volcanic sediments along the southwest margins of the Briggs Central inferred resource. The goal is to identify potential areas for higher-grade starter pit operations for a conceptual mining operation.
Furthermore, its drilling targets an upgrade in resource confidence sufficient to support initiating a Scoping Study later this year. Briggs' progress is successfully delineating broad zones of shallow, high-grade mineralization that represent opportunities to maximize copper production and minimize costs during the early years of a conceptual mining operation.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.