Constellation Commences Drilling at Ularring Copper-Gold Project

Constellation Resources Limited (ASX: CR1) has commenced diamond drilling at the Centre Forest Prospect within its 100%-owned Ularring Copper-Gold Project. The two-hole program targets a high-quality dipole-dipole-induced polarisation anomaly associated with a circular magnetic low, indicating potential for high-grade, intrusion-related Cu-Au mineralization. The first hole will test the anomaly's northern end, where peak chargeability exceeds 20mV/V—significantly higher than responses from previous drill intersections. This zone, extending over 1.1km x 0.3km from 300m depth, may indicate increased sulfide content and potential high-grade mineralization. Depending on the results, a second hole is planned 500m to the southeast, for which an EIS grant application has been submitted. Additionally, the company has announced a one-for-four non-renounceable entitlement offer at AU$0.15 per share to raise approximately AU$2.36 million before costs, supporting the ongoing exploration work at Ularring.

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