(Alliance News) - Great Southern Copper PLC on Tuesday said it was confident that recent results from its Especularita project will translate into multiple drill targets for multiple deposit types of high-grade copper and gold mineralisation.
Great Southern Copper is a copper-gold exploration company focused in Chile. Shares in the firm were up 4.7% at 1.26 pence on Tuesday in London.
The company received assay grades of up to 5.97% copper and 13.7 grams per tonne of gold from the results of 160 rock chip samples from the Teresita prospect within the Especularita project.
It said high-grade copper-gold mineralisation was hosted in outcropping quartz-carbonate vein-breccias.
Further results for rock chip samples and its orientation soil sampling programme are pending.
"Exploration at Teresita over the last few months has produced very exciting results which we are confident will translate to multiple drill targets for multiple deposit types of high-grade copper and gold mineralisation. We look forward to receiving the results of our drone magnetic survey which will help to optimise the location of drilling targets for the exploration programme at Teresita," Chief Executive Sam Garrett said.
By Heather Rydings, Alliance News senior economics reporter
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Great Sth Copp (GSCU)