Nobel Resources has announced the start of diamond drilling at the Pampa Austral property in Chile.
The company initially plans to drill two holes to assess an area where past reverse circulation drilling, as reported by Farwest Mining in 2004, encountered 70m at 0.70% copper, including a section of 14m at 2.1% copper and 0.1 grams per tonne gold.
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The mineralised hole is located next to an induced polarisation (IP) chargeability anomaly identified in surveys carried out by the Pampa Austral optionor after the Farwest drilling.
Nobel plans to test this IP anomaly as part of its current drilling campaign.
Quantec Geophysics is carrying out a comprehensive IP survey at the Cuprita project, which is roughly 75% completed.
Preliminary findings indicate a chargeability anomaly extending south and west beneath the lithocap targeted by the initial drill programme.
Additionally, a high-resolution satellite imagery survey by Photosat was recently completed.
The results confirm that alteration mineral assemblages typical of mineralised porphyry systems are associated with the extensive lithocap at Cuprita.
Nobel Resources CEO and director Vernon Arseneau said: “The results at Cuprita are encouraging and satellite data will be integrated with the IP survey, when completed, and the detailed geological mapping to improve drill targeting for a future campaign.”
The Cuprita project is Nobel’s main copper exploration asset, situated in the Paleocene Porphyry Copper Belt of northern Chile.
Spanning around 1,000 hectares, it is positioned between the major El Salvador and Inca de Oro deposits, in an area recognised for its large, low-pyrite porphyry copper systems.
Nobel has a 100% option to acquire the Janett, Anais and Pampa Austral deposits under the Cuprita project acquisition.
